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2023 Annual Energy & Economic Impact Report

Texas Oil and Natural Gas Industry Pays History-Making $26.3 Billion in State and Local Taxes, State Royalties Texas Rewrites its Oil & Natural Gas Record Book: Highest-Ever Totals in Production, Exports, Refining Outcomes, Crude Oil Supply, Tax Revenue TXOGA President Staples: “American Energy Leadership Starts in Texas” TXOGA Annual Energy & Economic Impact Report Shows:…

  • Cleaner Stronger Better, Events, Regulatory and Legislative, Studies and Data

2024 TXOGA Houston Energy Summit Features Houston Mayor John Whitmire, NASDAQ President Nelson Griggs, and TXOGA President Todd Staples

FORT WORTH – Former U.S. Secretary of Energy Dan Brouillette today headlined the 2023 Texas Oil & Gas Association (TXOGA) North Texas Energy Summit where business and community leaders from across North Texas convened to hear from state and federal leaders as well as energy and economic experts.

  • Cleaner Stronger Better, Energy Security, Environmental Progress and Emissions Reductions, LNG, News, Regulatory and Legislative, Studies and Data

Op-Ed: Increasing Road Safety is a Job for Every Texan

The Texas natural gas industry is a powerhouse, producing more natural gas than any other state in the nation—and the world is literally knocking at our door in energy need. In addition to cementing America’s energy security, Texas’ natural gas producers, pipelines, refiners, and exporters are playing an essential role in delivering stability in the form of affordable, reliable energy to our trade partners, even in times of continued global unrest.

  • News

August: TXOGA Month in Review

Check out our Month in Review for September below to see how TXOGA was busy advocating for the Texas oil and natural gas industry

  • Energy Security, Regulatory and Legislative

TXOGA Applauds Actions Taken by PUC to Advance Texas Energy Fund Projects

AUSTIN - Texas’ production of oil, natural gas, and natural gas liquids (NGLs) achieved new record highs for the month of September after achieving record highs just one month earlier in August, according to the Texas Oil & Gas Association’s (TXOGA) monthly energy economic analysis prepared by TXOGA Chief Economist Dean Foreman, Ph.D. Further, as crude and NGL production has climbed, in-state refiners have processed record amounts.

  • Energy Security, LNG, Studies and Data

Texas Oil and Natural Gas Industry Direct Employment and Wages See Continued Growth in 2024

AUSTIN - Texas’ production of oil, natural gas, and natural gas liquids (NGLs) achieved new record highs for the month of September after achieving record highs just one month earlier in August, according to the Texas Oil & Gas Association’s (TXOGA) monthly energy economic analysis prepared by TXOGA Chief Economist Dean Foreman, Ph.D. Further, as crude and NGL production has climbed, in-state refiners have processed record amounts.

  • Membership News

TXOGA Partners with PRSC to Host Road Safety Luncheon Series in Andrews

AUSTIN - Todd Staples, president of the Texas Oil & Gas Association (TXOGA) today issued the following statement on the passing of past TXOGA president Rob Looney

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May 30, 2023

TXOGA Statement on Governor Abbott’s Call for a Special Legislative Session Prioritizing Property Tax Relief

AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement following Governor Greg Abbott’s call for a special legislative session prioritizing property tax relief through property tax rate compression

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May 19, 2023

Residential and Business Consumers Unite! Texans Demand Firm Caps on Performance Credit Mechanism Tax to Protect Electricity Ratepayers

AUSTIN – Organizations representing electricity consumers statewide are demanding a meaningful cap on the proposed Performance Credit Mechanism (PCM) scheme that will impose billions of dollars in increased costs for Texas consumers if left uncapped. The PCM offers no guarantee of increased capacity or improved reliability and lacks consumer protections and spending oversight.

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May 18, 2023

TXOGA Statement on HB 5 Senate Hearing

“Texas has long been a business leader, recently winning Site Selection’s Governor’s Cup for the 11th year in a row and being named the Best State for Business for a record 19 years in a row by Chief Executive Magazine.

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May 17, 2023

Final Electricity Market Assessment Finds Performance Credit Mechanism Would Cost Consumers Billions Annually with No Guarantee of Any New Capacity

AUSTIN – The proposed Performance Credit Mechanism (PCM) being considered among ERCOT market reform options “would entail billions in costs for customers without a meaningful improvement in reliability,” according to the final results of an Assessment of ERCOT Market Reform Alternatives, prepared by Bates White Economic Consulting, a firm with 25-years of experience in providing advanced economic, financial, and econometric analyses to law firms, companies, and government agencies.

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May 5, 2023

TXOGA Statement on House Passage of HB 5

AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement on the House passage of HB 5, the Texas Jobs & Security Act, authored by Chairman Todd Hunter, which would create a new, modern economic development program

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September 9, 2024

Op-Ed: Increasing Road Safety is a Job for Every Texan

The Texas natural gas industry is a powerhouse, producing more natural gas than any other state in the nation—and the world is literally knocking at our door in energy need. In addition to cementing America’s energy security, Texas’ natural gas producers, pipelines, refiners, and exporters are playing an essential role in delivering stability in the form of affordable, reliable energy to our trade partners, even in times of continued global unrest.

Learn more

August 29, 2024

TXOGA Applauds Actions Taken by PUC to Advance Texas Energy Fund Projects

AUSTIN - Texas’ production of oil, natural gas, and natural gas liquids (NGLs) achieved new record highs for the month of September after achieving record highs just one month earlier in August, according to the Texas Oil & Gas Association’s (TXOGA) monthly energy economic analysis prepared by TXOGA Chief Economist Dean Foreman, Ph.D. Further, as crude and NGL production has climbed, in-state refiners have processed record amounts.

Learn more

August 29, 2024

Texas Oil and Natural Gas Industry Direct Employment and Wages See Continued Growth in 2024

AUSTIN - Texas’ production of oil, natural gas, and natural gas liquids (NGLs) achieved new record highs for the month of September after achieving record highs just one month earlier in August, according to the Texas Oil & Gas Association’s (TXOGA) monthly energy economic analysis prepared by TXOGA Chief Economist Dean Foreman, Ph.D. Further, as crude and NGL production has climbed, in-state refiners have processed record amounts.

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August 26, 2024

Episode 13: Economics Overview

In this episode, TXOGA President Todd Staples and Shana Joyce, Vice President of Government and Regulatory Affairs, are joined by Dean Foreman, Chief Economist, for...

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August 21, 2024

TXOGA Analysis Highlights Texas Energy Records Through July 2024

AUSTIN - Texas’ production of oil, natural gas, and natural gas liquids (NGLs) achieved new record highs for the month of September after achieving record highs just one month earlier in August, according to the Texas Oil & Gas Association’s (TXOGA) monthly energy economic analysis prepared by TXOGA Chief Economist Dean Foreman, Ph.D. Further, as crude and NGL production has climbed, in-state refiners have processed record amounts.

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August 16, 2024

Texas Oil and Natural Gas Upstream Jobs Grew by 1,600 in July

AUSTIN – Newly-released data from the Texas Workforce Commission (TWC) indicates that upstream oil and natural gas employment rose by an additional 1,700 jobs in September. These new numbers extend the strength of 2023’s job growth to date, with 14,300 jobs added so far this year.

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July 2, 2024

TXOGA President Todd Staples on Court’s Ruling to End LNG Export Permit Approval Halt

AUSTIN - Texas’ production of oil, natural gas, and natural gas liquids (NGLs) achieved new record highs for the month of September after achieving record highs just one month earlier in August, according to the Texas Oil & Gas Association’s (TXOGA) monthly energy economic analysis prepared by TXOGA Chief Economist Dean Foreman, Ph.D. Further, as crude and NGL production has climbed, in-state refiners have processed record amounts.

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June 18, 2024

TXOGA Energy Economics Perspective: Q2 2024

AUSTIN – Texas’ production of oil, natural gas, and natural gas liquids achieved new record highs, and resource reserves should support decades of prospective production, according to a new monthly energy economics analysis prepared by Texas Oil & Gas Association (TXOGA) Chief Economist Dean Foreman, Ph.D.

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June 17, 2024

TXOGA Analysis Highlights Texas Energy Records Through May 2024

AUSTIN - Texas’ production of oil, natural gas, and natural gas liquids (NGLs) achieved new record highs for the month of September after achieving record highs just one month earlier in August, according to the Texas Oil & Gas Association’s (TXOGA) monthly energy economic analysis prepared by TXOGA Chief Economist Dean Foreman, Ph.D. Further, as crude and NGL production has climbed, in-state refiners have processed record amounts.

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