America’s shale oil boom has powered the nation’s oil production above 10% of total world output, the U.S. Energy Information Administration said.
Domestic tight oil production, including the Bakken, Eagle Ford and other shale plays, averaged 3.22 million barrels per day in the fourth quarter of 2013, Fox News reported.
Overall crude oil production rose to 7.84 million barrels per day, giving the U.S. a global share of 10.4%, the report said.
That’s up from the U.S. share of 9% share for the prior year.
“By February, Eagle Ford in Texas and North Dakota’s Bakken generated 63% of U.S. tight oil production, which accounts for 91% of North America’s shale total,” Fox News reported.
About 10% of Canada’s crude production comes from shale.
Russia produces 1% of its oil from shale.
The EIA said Australia and the U.K. have the potential to become the next countries to produce shale oil, given industry conditions similar to those in North America, Fox News said.