(The Center Square) – Texas’ oil, natural gas and natural gas liquids (NGLs) production in 2023 reached new record highs, according to newly updated data released by the U.S. Energy Information Agency.
The new annual data for 2023 shows that Texas crude oil production reached 5.5 million barrels per day (mb/d), its NGL production reached 3.3 mb/d, and its natural gas marketed production reached 29 billion cubic feet per day (bcf/d). Texas’ natural gas underground storage capacity grew to a record 863.4 bcf.
Texas also broke four new monthly records in December 2023: natural gas marketed production reached 32.6 bcf/d, refiner and blender net inputs reached 5.69 mb/d, refined petroleum product exports reached 4.39 mb/d, and crude oil supply reached 9.9 mb/d – the greatest supply for the month on record. The crude oil supply includes in-state production in addition to imports and interstate net receipts.
“Texas’ new production and export
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