Texas Oil and Gas production reaches new highs in 2023
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%.