Author Topic: Texas tops 2 billion barrels of oil for the first time  (Read 1512 times)

0 Members and 1 Guest are viewing this topic.

Offline IsailedawayfromFR

  • Hero Member
  • *****
  • Posts: 13,884
Texas tops 2 billion barrels of oil for the first time
« on: March 31, 2025, 01:37:02 pm »
Texas tops 2 billion barrels of oil for the first time
By Mella McEwen,
March 27, 2025

The Railroad Commission reports Texas produced over 2 billion barrels of oil in 2024, crossing the 2 billion barrel threshold for the first time.

For the first time in its storied history, the Texas oil and gas industry produced over 2 billion barrels.

The Railroad Commission reports Texas oil production reached 2,003,844,281 barrels in 2024 while natural gas production reached 12.62 trillion cubic feet.

Texas oil and gas production
Top 5 Oil Production Years (crude oil and condensate)                             

2024: 2.00 billion barrels
2023: 1.99 billion barrels
2022: 1.87 billion barrels
2019: 1.86 billion barrels
2020: 1.77 billion barrels
Top 5 Gas Production Years (gas well and casinghead gas)                                 

2024: 12.62 trillion cubic feet
2023: 12.30 trillion cubic feet
2022: 11.43 trillion cubic feet
2021: 10.51 trillion cubic feet
2020: 10.24 trillion cubic feet
“The oil and natural gas industry has continued to embrace new technologies that have delivered amazing results,” Todd Staples, president of the Texas Oil & Gas Association, told the Reporter-Telegram in response to the report. “Texans have benefited tremendously from these record-setting production numbers, and almost 500,000 Texans are employed by the Texas oil and natural gas industry. Every Texan benefits from a robust oil and natural gas economy and the build out of infrastructure will enable future growth. We need to continue to support the industry with policies that encourage continued growth to meet the world’s energy demand.”

The 2024 output broke the record set in 2023 and continued a five-year growth streak.

The Railroad Commission also reported preliminary crude and natural gas production for 2024 that came from 158,989 oil wells and 83,536 gas wells. Preliminary crude production was 122,364,931 barrels, averaging 3,947,255 barrels per day. Updated December 2023 production totaled 143,343,601 barrels, compared to preliminary reported volumes of 110,727,499 barrels.
https://www.mrt.com/business/oil/article/texas-oil-gas-record-2024-20244576.php
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell