BUSINESS: Research + Stats Texas and New Mexico Top U.S. Crude Oil Production in 2022 By Staff Thursday, May 25, 2023 2:19 PM A new report from the U.S. Energy Information Administration finds that Texas and New Mexico were the top producers of crude oil in 2022. Crude oil production rose 5.6 percent in the U.S. in 2022, reaching nearly 12 million barrels per day. The largest production was found in the Permian Basin, which spans both Texas and New Mexico. This is the third consecutive year that oil production grew more in New Mexico than other states. Production in New Mexico grew by 0.3 million barrels a day to reach 1.6 million barrels per day. Throughout the rest of the U.S. crude oil production rose by 0.6 percent. Of the eight other oil product states, results were mixed. California saw production drop for the eighth consecutive year. Meanwhile, Alaska also saw production drop for the fifth consecutive year. Production also declined in North Dakota, a state which had been one of the leaders in oil production for the past 10 years. The number of land rigs has risen by eight in New Mexico and 100 in Texas in 2022. This number dipped slightly into 2023, when the number of rigs fell in Texas by eight and increased by five in New Mexico. Year over year, crude oil production rose in the early part of 2023, averaging 1.2 million barrels per day. Experts believe that cruise oil production will continue to rise over the next two years, reaching up to 12.5 million barrels in 2023 and 12.7 million in barrels per day in 2024.