The flood of domestic oil produced over the past five years has boosted jobs, royalty payments and contributions to tax coffers.
It also has led to higher profits, and not just for the oil producers.
It's quarterly earnings season, the time when publicly traded companies report to federal regulators and their shareholders all kinds of details as to how much money they brought in and how much they spent on operations.
In recent days, refiners Phillips 66 and CVR Energy each said their earnings per share doubled from the first quarter 2012 to the first quarter 2013. Valero saw its per-share profits more than triple.
Much of the reason for the earnings boost is because of increased access to high-quality, lower-priced oil produced in Oklahoma, Texas and North Dakota.
But the good news for refiners is not necessarily welcome by producers.
Part of the reason for the refinery profits is that the glut of oil produced in the middle part of the country has overwhelmed the region's pipeline and storage infrastructure, stranding billions of barrels of oil in Cushing and other terminals, waiting in line for access to Gulf Coast refineries.
As a result, West Texas Intermediate crude, which is priced in Cushing, has traded for $20 to $30 a barrel less than the international Brent crude price for the past few years.
New, upgraded and expanded pipelines already have helped relieve some of the pressure in Cushing by directing more oil to the Houston area. Additional projects already underway promise to further relieve the bottleneck.
Producers and refiners also are working together to develop rail networks and other ways to more quickly move trapped oil from the middle of the country to refineries to the east and west.
Producers look to these infrastructure upgrades as a way to boost their profits by cutting into the discount they're receiving as compared to international oil prices.
Some refinery company shareholders and analysts in recent days have expressed concern that the efforts will erode the profits they have experienced in recent quarters.
New pipelines, rail cars and other ways to get oil to market could reduce or eliminate the discount.
But while Wall Street craves profits, what it wants even more is reduced uncertainty.
A more efficient distribution system likely would help stabilize prices for both producers and refiners.