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Texas Oil and Gas Production Hit Record Highs in 2023

April 09, 2024

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


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/.