Report: Texas crude oil production breaks 1970s record
Crude oil production in Texas has beaten a previous record set in the 1970s, a new report from the Texas Independent Producers Royalty Owners Association stated.
Texas oil wells produced more than 1.54 billion barrels of crude in 2018, beating the previous record of 1.28 billion barrels set in 1973, TIPRO reported in its annual “State of Energy Report” early Monday morning.
Natural gas production also grew, reaching 8.8 trillion cubic feet in 2018, the report stated.
“As the national leader in oil and natural gas production, Texas is paving the way for America’s energy independence,” Texas Gov. Greg Abbott said in statement in response to the report. “From technological advancements resulting in increased oil and natural gas output to our LNG export facilities, the Lone Star State’s energy economy is firing on all cylinders. As Governor, I will continue to work with our independent oil and gas producers to take our economy to even greater heights.”
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Crude oil production reached 1.26 billion barrels in 2017 – just shy of breaking the 1973 record, Railroad Commission of Texas figures show.