US to be top hydrocarbons producer in 2013 - report

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(Getty Images)

(Getty Images)

The US will be the world's top producer of petroleum and natural gas hydrocarbons in 2013, surpassing Russia and Saudi Arabia, according to a new US Energy Information Administration (EIA) report.

The EIA said that for the US and Russia total petroleum and natural gas hydrocarbon production in energy content terms was almost evenly split between petroleum and natural gas. Saudi Arabia’s production, on the other hand, heavily favored petroleum.

Since 2008, US petroleum production had increased 7 quadrillion Btu, with dramatic growth in Texas and North Dakota.

“Natural gas production has increased by 3 quadrillion Btu over the same period, with much of this growth coming from the eastern United States,” the EIA said.

Russia and Saudi Arabia each increased their combined hydrocarbon output by about 1 quadrillion Btu over the past five years, it said.

Petroleum production includes crude oil, natural gas liquids, condensates, refinery processing gain, and other liquids, including biofuels.

The report noted that comparisons of petroleum and natural gas production across countries was complicated by differences in energy content of crude oil, condensates, and natural gas and questions regarding the inclusion of biofuels and refinery gain in the calculations.

However, it said total petroleum and natural gas hydrocarbon production estimates for the US and Russia for 2011 and 2012 were roughly equivalent - within 1 quadrillion Btu of one another.

In 2013, however, the production estimates widen out, with the US expected to out-produce Russia by 5 quadrillion Btu.

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