U.S. crude oil production reached a new all-time daily average high of 12.2 million barrels per day (MMbpd) in May. In May, Texas crude oil output was over 5 MMbpd for the first time.

Texas is only behind Russia, Saudi Arabia and the USA in crude oil output.

U.S. crude production would hit 13.4 MMbpd by December, 2019.