Texas Oil And Gas Industry Output Expected To Rise To Highest Record In June

Oil production from the United States seven largest shale basins is likely to hit a record high in June, Energy Information Administration data showed Monday.

Gas Industry ( Photo: Visual Capitalist )

Crude oil production in Texas and New Mexico’s Permian Basin, the largest shale oil basin in the United States

Record jobs added in May brought the total number of upstream oil and natural gas jobs in Texas to more than 200,000 employees in the industry for the first time in more than three years. The data showed more than 206,000 upstream jobs last month, an increase of 22,700 or 12.4%, compared to May 2022.

The Texas oil industry is an economic engine that provides reliable energy to meet growing domestic and international demand

Fortunately, Texas policymakers continue to ensure a regulatory environment conducive to economic growth and responsible development of natural resources which is reflected in our analysis. In addition to contributing the largest share to funding public education and transportation, Texas energy producers paid $497 million in oil production taxes, and natural gas producers paid nearly $200 million last month.

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