AUSTIN – 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