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Texas: Leading The Nation in Oil and Gas

Posted on 8/8/2013 by with 0 comments

Oil_wellThe growing scale of the oil and natural gas boom in Texas continues to stun most observers.  We have discussed this phenomenon periodically (see prior pieces here and here) , but the newest developments are so off the charts that an update is warranted.

We’ve pointed out a couple of times that Texas’s oil production represents roughly 30% of the total US output, an amazing statistic, especially considering that the percentage was below 15% just a few years ago.  In May, that statistic became even more amazing, as Texas accounted for 34.5% of total US oil production, thanks to continued production growth in the Eagle Ford Shale and in several shale plays in the Permian Basin region of West Texas.

 

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