Newswire – Texas’ major energy industry reached new peaks last year with records set for both oil and gas production.
Oil production hit a record 1.92 Bbbl in 2023, which was 51 MMbbl more than the previous record. Operators produced 12.01 Tcfg in 2023, beating the previous record by more than 13%.
“These production records are beyond impressive and reflect how Texas continues to provide reliable domestic production for the nation,” said Wei Wang, RRC Executive Director.
“As the state’s oil and gas regulator, the RRC is committed to our critical mission supporting Texas’ economic growth that benefits Texans. Production taxes collected from the oil and gas industry pay for our schools, highways and the state’s Rainy Day Fund. The Commission will continue its hard work to ensure the state remains at the forefront of the energy sector.”
Top 5 oil production years (crude oil and condensate)
2023 – 1.92 Bbbl
2019 – 1.86 Bbbl
2020 – 1.77 Bbbl
2021 – 1.75 Bbbl
2022- 1.71 Bbbl
Top 5 natural gas production years (gas well and casinghead gas)
2023 – 12.01 Tcf
2021 – 10.61 Tcf
2022 – 10.51 Tcf
2020 – 10.23 Tcf
2019 – 10.21 Tcf
