09/01/2023
The Lone Star State shines brighter than ever in the energy sector! According to a recent report, Texas oil and natural gas production has shattered decades-old records, reaffirming its position as the powerhouse of the U.S. energy industry.
Texas: Fueling the Nation
Year-to-date through July 2023, Texas has accounted for a remarkable 43.3% of all oil production and 27.4% of all natural gas production in the entire country. With a record-breaking 5.5 million barrels per day of oil production in June and July and 31.4 billion cubic feet per day of natural gas in June, Texas is driving growth and innovation in the energy sector.
Supporting Sustainable Energy
These milestones are not just numbers; they signify Texas's pivotal role in sustaining downward pressure on energy prices, fostering investment, and bolstering reserves for future production. With abundant resources and growing reserves, Texas is contributing significantly to the nation's energy security.
Global Energy Leadership
As the world's energy needs are expected to double by 2050, Texas is poised to be a trusted ally for the globe. But to maintain our leadership, we need bold policies at both state and federal levels. Together, we can continue to lead the way in energy security, job growth, and sustainability.
Join us in celebrating Texas's energy excellence! 🎉
Report: Texas oil and natural gas industry breaks decades-old production records
(The Center Square) – The powerhouse of the U.S. energy sector—the Texas oil and natural gas industry—reached a new record production high in June and July, surpassing all-time highs set