Texas Within "Spitting Distance" of Saudi Arabia, Russia -- And the Bakken Isn't Too Shabby Either

From Rigzone:

Growing U.S. crude oil production has placed the nation within spitting distance of the world's largest producers, Saudi Arabia and Russia, and has made the U.S. more significant on the world energy stage than Iran, China, Iraq or Venezuela.

The state of Texas has a significant role to play in this growth, with production anticipated to reach 2 million barrels of oil per day (MMbopd) in the next few years, thanks to Eagle Ford shale, Permian Basin fields and other plays, said Texas Railroad Commissioner Barry Smitherman.

Remember: "word on the street" is that the Bakken will exceed 1 million bbls/day in the out years.

ONEOK, alone, announced plans for a new Bakken-to-Cushing pipeline with potential capacity of 900,000 bbls/day.