Crude Production Up 13% in May 2015 over May 2014

Sound contradictory to everything you’ve read about the impending doom of slower oil production? Well, the numbers show production is up.

• May 2015 averaged 2.4 million barrels per day
• May 2014 averaged 2.1 million bpd 
• 2nd straight month for gains in Texas
• Texas is roughly 44% of all active rig deployments in the U.S.

UPI