Texas is to Thank for the Oil Boom

Texas is to Thank for the Oil Boom

This holiday season, I’m thankful that Texas is leading the United States to energy dominance. In the aftermath of the worst natural disaster in our state’s history, Texas’ energy industry is spurring our recovery and economy past pre-Harvey levels. Texas is poised to capitalize on incredible opportunities in energy, which benefits every single Texan through funding for schools, roads and other infrastructure.

In the month following Hurricane Harvey, the energy industry showed no signs of slowing down:

  • Texas produced 103.4 million barrels of crude oil in September, up 11.6 percent from a year ago.
  • The state averaged 453 active drilling rigs, an 85.7 percent increase over September 2016.
  • The Railroad Commission approved 903 original drilling permits, an increase of 21 percent from last year.
  • In early November, U.S. crude oil exports hit an all-time high at 2.13 million barrels per day, departing from ports like Port of Corpus Christi, Port of Houston and Port of Beaumont, all of which had been damaged, restricted or shut down for a time due to Hurricane Harvey.

Worldwide demand for Texas energy is clearly growing, but to capitalize on this opportunity we must continue investing in transportation infrastructure, such as pipelines and ports, to ensure that our resources are not stranded. When we transport American energy to allies around the world, we enhance our economic and national security and secure the nation’s energy dominance.

As we count our blessings this season, let this be among them — no one in the world does a better job of responsibly producing and transporting energy than Texans do.

Thank you for letting me serve as your Railroad Commissioner. Please don’t hesitate to reach out if you need anything.

Sincerely,
Ryan