SOURCE: Industrial Info Resources

Industrial Info Resources

April 22, 2013 06:15 ET

U.S. Crude-Oil Production Set to Surpass Imports in 2013, an Industrial Info News Alert

DENVER, CO--(Marketwired - Apr 22, 2013) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- U.S. domestic production of crude oil is expected to exceed imports sometime this year as surging production from domestic shale formations continues to displace imported crude, speakers said at an Oil & Gas conference earlier this month in Denver. This trend began in 2008, when U.S. crude oil production bottomed at about 5 million barrels per day (BBL/d). It increased to about 6.5 million BBL/d in 2012, and is projected to reach between 9 million and 11 million BBL/d in 2020, speakers told about 250 attendees at the 7th Annual Platts Rockies Oil & Gas Conference. Domestic production is expected to exceed imports sometime this year, speakers said.

Companies featured: The McGraw-Hill Companies (NYSE:MHP), Phillips 66 (NYSE:PSX), PBF Energy (NYSE:PBF), Imperial Oil Limited (NYSE:IMO), Tesoro Corporation (NYSE:TSO), Alon USA Energy Incorporated (NYSE:ALJ), Chevron Corporation (NYSE:CVX), Valero Energy Corporation (NYSE:VLO), Marathon Petroleum Corporation (NYSE:MPC)

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showAbstract.jsp?newsitemID=234866&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

Contact Information

  • Contact:
    Joe Govreau
    713-783-5147