The U.S. has become the world's largest oil producer, boosted by output from shale formations, with production of nearly 11 million barrels in 2018, which broke the country's annual record set in 1970.
Will the Midcontinent be the Next Big Thing? Possibly, but it may be a while.
Gas proved more trouble than it was worth—literally. The answer for years proved easy: Flare it. Get rid of it.