America’s Hottest Oil State? New Mexico

Key takeaways

• New Mexico has doubled oil output, jumping from 923K in 2019 to over 2M barrels/day in 2024, driven by rapid development in the Delaware sub-basin.
• Texas remains the top U.S. oil producer, growing from 5.1M to 5.7M barrels/day since 2019, powered by vast reserves and mature infrastructure in the Permian Basin.
• Both states dominate the Permian Basin, benefiting from high-yield shale, improved drilling efficiency, and strong pipeline access.