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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:…

  • Energy Security, LNG

TXOGA Statement on the U.S. Department of Energy’s Report on the Impact of LNG Exports

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.

  • News

Episode 20: Texas Oil and Gas is Winter Ready

In this episode, TXOGA President Todd Staples, Vice President of Government & Regulatory Affairs Shana Joyce and Chief Economist Dean Foreman discuss how record natural...

  • Regulatory and Legislative, Winter Ready

Oil and Natural Gas Operational Preparations and Record Production, Storage and Pipeline Capacity Keep Texas Winter Ready

AUSTIN – As Texans prepare for the coming cold weather, operators in the Texas oil and natural gas industry are also preparing for the freezing temperatures that are expected for much of the state later this week and into this weekend.

  • Energy Security, LNG, Studies and Data

TXOGA Economics and Energy Perspective Q4 2024: Texas Anchoring Energy and Economic Stability in 2025 and Beyond

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.

  • News

Episode 19: Ports 101

In this episode, TXOGA President Todd Staples and Shana Joyce, Vice President of Government and Regulatory Affairs are joined by Omar Garcia, Chief External Affairs...

  • News

November: 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

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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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December 18, 2024

TXOGA Statement on the U.S. Department of Energy’s Report on the Impact of LNG Exports

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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December 3, 2024

Episode 19: Ports 101

In this episode, TXOGA President Todd Staples and Shana Joyce, Vice President of Government and Regulatory Affairs are joined by Omar Garcia, Chief External Affairs...

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November 22, 2024

Texas’ Oil and Natural Gas Production Continues at Record Highs in October

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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November 18, 2024

Texas Oil and Natural Gas Upstream Jobs Grew by 1,400 in October

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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November 11, 2024

Episode 17: Election Recap

In this episode, TXOGA President Todd Staples and Shana Joyce, Vice President of Government and Regulatory Affairs, are joined by U.S. Oil & Gas Association...

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October 18, 2024

Texas Oil and Natural Gas Upstream Jobs Grew by 800 in September

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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September 26, 2024

TXOGA, PBPA and TAEP Issue Joint Statement Following PUC Approval of Permian Basin Reliability Plan

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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September 20, 2024

Texas Oil and Natural Gas Upstream Jobs Grew by 1,000 in August

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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