RRC Energy News, April 2024 Page: 6
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The state's major energy industry
reached new peaks last year with records
set for both oil and gas production.
Oil production hit a record 1.92 billion
barrels in 2023, which was 51 million
barrels more than the previous record.
Operators produced 12.01 trillion cubic
feet of natural gas 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."ENERGY NEWS
Top 5 Oil Production Years
(crude oil and condensate)2023
2019
2020
2021
20221.92 billion barrels
1.86 billion barrels
1.77 billion barrels
1.75 billion barrels
1.71 billion barrelsTop 5 Gas Production Years
(gas well and casinghead gas)2023
2021
2022
2020
201912.01 trillion cubic feet
10.61 trillion cubic feet
10.51 trillion cubic feet
10.23 trillion cubic feet
10.21 trillion cubic feet6
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Railroad Commission of Texas. RRC Energy News, April 2024, periodical, April 2024; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1680968/m1/6/?q=%22oil-gas%22: accessed July 6, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.