Production figures over the years have been from the Texas Railroad Commission, Texas Mid-Continent Oil & Gas Association and the U.S. Department of Energy.
Income/value figures are from the State Comptroller of Public Accounts.
The average price per barrel data are from the U.S. Energy Information Administration, including the calculations for chained 2005-dollar amounts. (NA: data not available.)
Revised, November 2021.
Oil
Year | Oil Production (Barrels) | Value ($, in thousands) | Nominal Price per Barrel | Price per Barrel (2005) |
2020 | 1,495,495,000 | $ 58,563,584 | $ 39.16 | NA |
2019 | 1,586,337,000 | 90,405,346 | 56.99 | NA |
2018 | 1,274,569,000 | $ 76,359,429 | 59.91 | NA |
2017 | 1,026,765,000 | 49,869,976 | 48.57 | NA |
2016 | 974,612,000 | 32,854,310 | 39.35 | NA |
2015 | 1,004,774,000 | 48,132,920 | 44.95 | NA |
2014 | 900,492,000 | 85,962,300 | 87.02 | NA |
2013 | 749,876,122 | 73,666,700 | 95.8 | NA |
2012 | 607,708,325 | 55,145,600 | 92.5 | NA |
2011 | 448,903,222 | 39,420,500 | 91.99 | $ 81.15 |
2010 | 369,952,560 | 26,054,900 | 76.23 | 68.88 |
2009 | 349,884,570 | 18,455,530 | 57.4 | 52.31 |
2008 | 353,529,636 | 30,409,170 | 96.85 | 89.28 |
2007 | 342,962,895 | 21,341,100 | 68.3 | 64.3 |
2006 | 347,410,643 | 19,657,500 | 61.31 | 59.38 |
2005 | 348,965,394 | 12,744,600 | 52.61 | 52.61 |
2004 | 351,294,563 | 12,762,650 | 38.79 | 40.08 |
2003 | 359,418,077 | 9,708,600 | 29,13 | 30.96 |
2002 | 365,732,385 | 8,150,400 | 23.77 | 25.8 |
2001 | 381,180,578 | 7,770,500 | 23.41 | 25,82 |
2000 | 401,112,558 | 10,037,300 | 28.6 | 32.26 |
1999 | 409,071,588 | 5,855,800 | 17.29 | 19.93 |
1998 | 459,490,476 | 5,472,400 | 12.28 | 14.36 |
1997 | 491,366,510 | 8,516,800 | 18.66 | 22.07 |
1996 | 499,758,201 | 9,560,800 | 20.31 | 24.44 |
1995 | 514,527,911 | 8,177,700 | 16.38 | 20.09 |
1994 | 542,988,057 | 7,977,500 | 14.98 | 18.76 |
1993 | 577,616,588 | 9,288,800 | 16.19 | 20.7 |
1992 | 642,059,000 | 11,820,306 | 18.32 | 23.94 |
1991 | 672,810,000 | 12,836,080 | 19.04 | 25.47 |
1990 | 672,081,000 | 15,047,902 | 22.37 | 30.98 |
1989 | 679,575,000 | 12,123,624 | 17.81 | 25.62 |
1988 | 727,928,000 | 10,729,660 | 14.71 | 21.96 |
1987 | 754,213,000 | 13,221,345 | 17.55 | 27.1 |
1986 | 813,620,000 | 11,976,488 | 14.73 | 23.4 |
1985 | 860,300,000 | 23,159,286 | 26.8 | 43.52 |
1984 | 874,079,000 | 25,138,520 | 28.87 | 48.31 |
1983 | 876,205,000 | 22,947,814 | 29.35 | 50.95 |
1982 | 923,868,000 | 29,074,126 | 31.77 | 57.33 |
1981 | 945,132,000 | 32,692,116 | 35.06 | 67.14 |
1980 | 977,436,000 | 21,259,233 | 21.84 | 47.74 |
1979 | 1,018,094,000 | 12,715,994 | 12.65 | 28.91 |
1978 | 1,074,050,000 | 9,980,333 | 9.29 | 23 |
1977 | 1,137,880,000 | 9,986,002 | 8.78 | $22.73 |
1976 | 1,189,523,000 | 10,217,702 | 8.59 | NA |
1975 | 1,221,929,000 | 9,336,570 | 7.64 | NA |
1970 | 1,249,697,000 | 4,104,005 | 3.28 | NA |
1965 | 1,000,749,000 | 2,962,119 | 2.96 | NA |
1955 | 1,053,297,000 | 2,989,330 | 2.84 | NA |
1945 | 754,710,000 | 914,410 | 1.21 | NA |
1935 | 392,666,000 | 367,820 | 0.94 | NA |
1925 | 144,648,000 | 262,270 | 1.81 | NA |
1915 | 24,943,000 | $13,027 | $0.52 | NA |
Natural Gas
Year | Natural Gas Production (Mcf, thousand cubic feet) | Value ($, in thousands) | Nominal Wellhead Price per Mcf | Wellhead Price per Mcf (2005) |
2020 | 6,593,494 | $ 11,802,354 | $ 1.79 | NA |
2019 | 6,775,942 | 14,907,072 | 2.20 | NA |
2018 | 5,742,578,000 | 19,468,695 | 3.39 | NA |
2017 | 6,300,292,000 | 20,664,957 | 3.28 | NA |
2016 | 6,996,000,000 | 20,566,380 | 2.55 | NA |
2015 | 7,871,200,000 | 8,827,180 | 2.63 | NA |
2014 | 8,171,230,000 | 18,034,000 | 4.28 | NA |
2013 | 8,094,885,508 | 15,358,900 | 3.73 | NA |
2012 | 8,134,883,460 | 11,088,500 | 2.66 | NA |
2011 | 7,881,055,997 | 13,919,200 | 3.95 | $ 3.48 |
2010 | 7,499,347,690 | 11,482,500 | 4.48 | 4.04 |
2009 | 7,607,598,548 | 9,317,400 | 3.67 | 3.34 |
2008 | 7,749,694,503 | 23,258,800 | 7.97 | 7.34 |
2007 | 6,421,374,997 | 22,968,420 | 6.25 | 5.88 |
2006 | 6,077,785,935 | 23,500,800 | 6.39 | 6.19 |
2005 | 5,700,612,714 | 24,220,800 | 7.33 | 7.33 |
2004 | 5,817,226,749 | 17,077,700 | 5.46 | 5.64 |
2003 | 5,671,689,242 | 14,797,800 | 4.88 | 5.18 |
2002 | 5,611,957,703 | 9,840,800 | 2.95 | 3.20 |
2001 | 5,668,602,291 | 13,708,700 | 4.00 | 4.41 |
2000 | 5,645,792,009 | 12,837,600 | 3.68 | 4.15 |
1999 | 5,538,929,430 | 6,789,700 | 2.19 | 2.52 |
1998 | 5,772,079,829 | 6,362,900 | 1.96 | 2.29 |
1997 | 5,814,744,733 | 8,134,200 | 2.32 | 2.74 |
1996 | 5,770,254,648 | 6,945,000 | 2.17 | 2.61 |
1995 | 5,672,105,129 | 5,305,200 | 1.55 | 1.90 |
1994 | 5,675,748,270 | 6,220,300 | 1.85 | 2.31 |
1993 | 5,606,497,721 | 7,365,748 | 2.04 | 2.61 |
1992 | 5,436,407,608 | 6,708,400 | 1.74 | 2.27 |
1991 | 5,509,989,547 | 6,788,000 | 1.64 | 2.19 |
1990 | 5,533,770,539 | 7,721,500 | 1.71 | 2.37 |
1989 | 5,595,189,980 | 7,490,100 | 1.69 | 2.43 |
1988 | 5,702,643,736 | 7,983,700 | 1.69 | 2.52 |
1987 | 5,516,224,229 | 7,612,389 | 1.67 | 2.58 |
1986 | 5,663,490,598 | 8,778,410 | 1.94 | 3.08 |
1985 | 5,805,098,031 | 12,665,114 | 2.51 | 4.07 |
1984 | 5,864,223,824 | 13,487,715 | 2.66 | 4.45 |
1983 | 5,643,182,863 | 14,672,275 | 2.59 | 4.49 |
1982 | 6,113,850,504 | 13,567,151 | 2.46 | 4.44 |
1981 | 6,733,042,031 | 12,598,712 | 1.98 | 3.79 |
1980 | 6,997,891,217 | 10,673,834 | 1.59 | 3.33 |
1979 | 7,115,818,163 | 8,509,103 | 1.18 | 2.69 |
1978 | 7,077,100,298 | 6,515,443 | 0.91 | 2.25 |
1977 | 7,564,635,174 | 6,367,077 | 0.79 | 2.09 |
1976 | 7,708,318,843 | 5,163,755 | 0.58 | 1.63 |
1975 | 8,052,111,922 | 7,485,764 | 0.44 | 1.31 |
1970 | 9,449,858,018 | 8,357,716 | 0.17 | 0.70 |
1965 | 7,854,545,120 | 6,636,555 | 0.16 | 0.80 |
1955 | 5,740,458,446 | 4,730,798 | 0.10 | $ 0.60 |
1945 | 2,665,177,745 | 1,711,401 | 0.26 | NA |
1935 | 642,366,000 | 13,233 | 0.21 | NA |
1925 | 134,875.000 | 7,040 | 0.52 | NA |
1915 | 13,324 | $ 2,594 | $ 1.95 | NA |