AUSTIN, TX — Texas oil production surpassed 2 billion barrels for the first time in history in 2024, according to new data from the Railroad Commission of Texas.
The state’s oil and gas industry continued a record-breaking trend with operators reporting 2,003,844,281 barrels of oil produced and 12.62 trillion cubic feet of natural gas. Both figures mark all-time highs, eclipsing previous records set in 2023.
Information from the commission states that the RRC’s long history of common-sense, science-based regulation of the oil and gas industry has safeguarded Texas communities and the environment while also fostering responsible production, benefiting the state economy and America’s energy independence.
“These latest records further demonstrate Texas’ position as a global leader in oil and gas production,” said RRC Chairman Christi Craddick. “This also proves that with sensible regulations backed by science and data, it is possible to achieve unmatched economic prosperity while at the same time upholding the mission to safeguard our communities and natural resources.”
“Texas oil and gas powers the state, nation and the world both with energy and economics,” said RRC Commissioner Wayne Christian. “The Texas ‘Economic Miracle’ happens because of oil and gas, which bring in hundreds of billions of dollars that has financially enriched the Lone Star State’s education, infrastructure, health care and more. Energy independence is key to a secure and prosperous nation, and Texas’ production is vital to making that a reality. With President Donald Trump, America now has a federal government that will encourage U.S. oil and gas production, which will lead to more energy, cheaper costs and a stronger nation.”
“Yet another year of record-breaking energy production reinforces what Texans have long known - that Texas energy fuels our nation’s economy and those of our friends and allies across the globe,” said RRC Commissioner Jim Wright. “While Texas energy is utilized worldwide, it is our state and our citizens who truly benefit through the high-paying jobs and severance tax revenue that these record setting production figures represent.”
Tax revenue from oil and gas production is funneled into major components of the state budget, including public education, the Rainy Day Fund and transportation.
The top five oil production years for Texas include:
- 2024 – 2.00 billion barrels
- 2023 – 1.99 billion barrels
- 2022 – 1.87 billion barrels
- 2019 – 1.86 billion barrels
- 2020 – 1.77 billion barrels
For gas production, the top years were:
- 2024 – 12.62 trillion cubic feet
- 2023 – 12.30 trillion cubic feet
- 2022 – 11.43 trillion cubic feet
- 2021 – 10.51 trillion cubic feet
- 2020 – 10.24 trillion cubic feet
The Railroad Commission compiles production data based on reports submitted by operators.
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