Texas oil, gas industry continued hot streak in 2024

Texas oil and gas production hit new records in 2024, surpassing records that were set in 2023, according to the Texas Railroad Commission.

The Texas oil and gas industry continued a hot streak in 2024 with production volumes surpassing records that were set in 2023, the Texas Railroad Commission (RRC) said in a statement posted on its website recently.

In the statement, the RRC noted that it tallies production reports submitted by operators and outlined that the latest reports show that oil production came in at 2,003,844,281 barrels, and natural gas production hit 12.62 trillion cubic feet, last year. The RRC highlighted in the statement that this was the first time oil “surpassed the two billion threshold”.

The RRC statement pointed out that Texas’ top five crude oil and condensate production years came in 2024, at 2.00 billion barrels, 2023, at 1.99 billion barrels, 2022, at 1.87 billion barrels, 2019, at 1.86 billion barrels, and 2020, at 1.77 billion barrels.

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Source: Rigzone

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