Texas Oil and Gas Production Hit Record Highs in 2023
April 09, 2024AUSTIN – The state’s major energy industry reached new peaks last year with records set for both oil and gas production.
The Railroad Commission regulates the Texas oil and gas industry and tallies production reports submitted by operators.
- 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.”
Top 5 Oil Production Years (crude oil and condensate)
|
Year |
Production |
|
2023 |
1.92 billion barrels |
|
2019 |
1.86 billion barrels |
|
2020 |
1.77 billion barrels |
|
2021 |
1.75 billion barrels |
|
2022 |
1.71 billion barrels |
Top 5 Gas Production Years (gas well and casinghead gas)
|
Year |
Production |
|
2023 |
12.01 trillion cubic feet |
|
2021 |
10.61 trillion cubic feet |
|
2022 |
10.51 trillion cubic feet |
|
2020 |
10.23 trillion cubic feet |
|
2019 |
10.21 trillion cubic feet |
About the Railroad Commission:
Our mission is to serve Texas by our stewardship of natural resources and the environment, our concern for personal and community safety, and our support of enhanced development and economic vitality for the benefit of Texans. The Commission has a long and proud history of service to both Texas and to the nation, including almost 100 years regulating the oil and gas industry. The Commission also has jurisdiction over alternative fuels safety, natural gas utilities, surface mining and intrastate pipelines. Established in 1891, the Railroad Commission of Texas is the oldest regulatory agency in the state. To learn more, please visit https://www.rrc.texas.gov/about-us/.