Episode 23: 2024 Annual Energy & Economic Impact Report

In this episode, TXOGA President Todd Staples and Chief Economist Dean Foreman, Ph.D., discuss TXOGA’s newly released annual Energy & Economic Impact Report, which found that the Texas oil and natural gas industry again shattered records by paying $27.3 billion in state and local taxes and royalties as well as breaking numerous production records. Tune in as they discuss the benefits that oil and natural gas activity have on the state, reasons for the industry’s success over the past year and what needs to be done to ensure that Texas remains the energy leader.

TXOGA: 2024 Annual Energy & Economic Impact Report

TXOGA: Economic Insights

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January 13, 2025

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.

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