U.S. Onshore Crude Output Tripled Since 2010 Driven by Permian Basin Tight Oil Production: EIA

U.S. crude oil production has increased by more than threefold since January 2010, in line with tight oil production growth in the Permian region, according to a June 2 report published by the U.S. Energy Information Administration. Onshore crude oil production entails both newer tight oil production, mostly from horizontally drilled wells and legacy oil…...