Ranger Minerals
  • Our Company Who We Are
  • Opportunities Buy or Sell
    • Minerals/Royalties
      • Overview
      • Oil and Gas Royalties: The Complete Guide
      • What Are Mineral Rights: Everything You Need to Know
      • Selling Mineral Rights: A Complete Guide
    • 1031 Exchange
      • Rules & Requirements
      • How To Guides for Different Asset Types
  • Resources Learn More
    • Learn More
      • Frequently Asked Questions
      • Oil & Gas Glossary
      • Industry News
      • Contact Us
    • Guides
      • View All Guides
      • 1031 Exchange
      • Mineral Rights & Royalties
      • How to Find Oil on Your Land: A Practical Guide to Modern Exploration
      • The Ultimate Guide for Oil and Gas Leases
    • News
      • Industry News
      • Company News
      • View All Recent News
  • Contact
  • Free Consultation
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

Texas Oil and Gas Industry Continued Hot Streak in 2024

Last updated: April 22, 2025 | Reading Time: 1 minutes
Texas oil and gas production hit new records in 2024, surpassing records that were set in 2023, according to the Texas Railroad Commission.

The Texas oil and gas industry continued a hot streak in 2024, with production volumes surpassing records set in 2025. All of this is according to a statement recently posted on its website by the Texas Railroad Commission (RRC).

In the statement, the RRC noted that it tallies production reports submitted by operators. It is an outline that the latest reports show that oil production came in at 2,003,844,281 barrels. Moreover, natural gas production hit 12.62 trillion cubic feet, last year. The RRC highlighted in the statement that this was the first time oil “surpassed the two billion threshold”.

The RRC statement pointed out that Texas’ top five crude oil and condensate production years came in 2024, This is at 2.00 billion barrels in 2023 then at 1.99 billion barrels in 2022. Lastly at 1.87 billion barrels in 2019. For additional data, at 1.86 billion barrels and 2020, and at 1.77 billion barrels.

The statement highlighted Texas’ top five gas production years—2024 (12.62 trillion cubic feet), 2023 (12.30 trillion cubic feet), 2022 (11.43 trillion cubic feet), 2021 (10.51 trillion cubic feet), and 2020 (10.24 trillion cubic feet).

“These latest records further demonstrate Texas’s position as a global leader in oil and gas production,” RRC Chairman Christi Craddick said in the statem

ent.

Click here to read the full article
Source: Rigzone

—

Do you have any questions or thoughts about the topic Texas Oil and Gas Industry? Feel free to contact us here or leave a comment below.

You might also like
The EIA projected that U.S. crude oil production will average 13.37M bpd in 2025–2026, up from 13.21M bpd in 2024. USA EIA reveals latest USA crude oil production forecast
American oil and gas companies have cut back on methane emissions even as production reached record heights, a new analysis shows. US oil and gas industry is emitting less carbon than it used to
Trump nominates oil advocate Kathleen Sgamma to lead BLM, aiming to prioritize drilling and mining on public lands. Trump taps oil industry insider to oversee drilling on public lands
Production in Utah's oil-rich Uinta Basin is at an all-time high. Texas oilman Jim Finley is credited with opening the floodgates. Meet the secretive ‘mastermind’ behind Utah’s oil boom
Discover how environmental regulations impact oil and gas royalties & explore strategies to navigate challenges in our comprehensive guide. Effects of environmental regulations on oil and gas royalties
The Permian basin is projected to produce around $350B in gross product and provide around 1.2M jobs for the nation’s economy by 2050. Permian basin contributes over $100 billion, 800,000 jobs on leading US oil and gas production
US associated natural gas output rose 6% in 2024, mirroring Permian crude oil production growth, according to the EIA. Permian Basin oil boom propels 2024 rise in US associated natural gas
Once dismissed, "peak oil" is resurging as U.S. production slows, sparking fresh concerns about future supply and its global economic impact. Return of Peak Oil

Get project updates and learn more

Sign up for our free email newsletter:

 We respect your email privacy

About Ranger

contact usRanger Land and Minerals is a Dallas, Texas-based acquisitions and mineral rights company with team members having close to 100 years of combined oil and gas royalties industry experience.

Contact Us

Our Partners
We work with the top drilling operators, including:
     

Learn More

Our Associations
We are proud members of the following associations:
         

Learn More

  • Paid Up Oil and Gas Lease: What It Means, How It Works, and What to Watch For
  • How to Get Oil Companies to Drill on Your Land
  • Average Price Per Acre for Mineral Rights: What to Expect and How to Estimate Value
  • How Much Money Can You Make From an Oil Well?
  • How to Find Oil on Your Land

View All Guides

  • Permian output highlighted as strategic amid Iran tensions
  • Two vessel incidents in the Strait of Hormuz lift oil shipping costs
  • Federal policy signals more U.S. leasing, permits, and LNG growth
  • Supreme Court tariff ruling may ease oilfield input costs over time
  • EIA sees US natural gas output hitting records in 2026–2027

View All News

Are you interested in buying or selling mineral rights?

Contact us and a representative will be in touch shortly

Contact Us

100 Crescent Court, Suite 700
Dallas, Texas 75201

(469) 310-4970

  • Facebook
  • Twitter
  • Instagram
  • LinkedIn

Contact Us

Our team specializes in the acquisition of mineral rights, royalties, overriding royalty and non-operated working interests. Contact us to learn more about how we can assist you.

Contact Us

Our Company & Services

  • About Us
  • Minerals/Royalties
  • 1031 Exchange
  • Contact Us

Resources

  • Guides
  • FAQ
  • Glossary
  • News
© Copyright Ranger Land and Minerals | Privacy Policy | Disclaimer
Link to: How Carbon Capture Initiatives Impact Oil and Gas Leasing Link to: How Carbon Capture Initiatives Impact Oil and Gas Leasing How Carbon Capture Initiatives Impact Oil and Gas LeasingExplore how carbon capture technologies are reshaping oil and gas leasing, influencing policies, economics, and regulatory frameworks in the energy sector. Link to: US Oil Rig Count Rises to Highest Since June, Baker Hughes says Link to: US Oil Rig Count Rises to Highest Since June, Baker Hughes says US energy firms cut rigs for the second week, though oil rigs rose to the highest level since June, according to Baker Hughes' latest report.US Oil Rig Count Rises to Highest Since June, Baker Hughes says
Scroll to top