Energy
Energy
Since the discovery of the Spindletop oilfield in 1901, Texas has been a leader in energy production. Today, Texas is the top energy producer in the nation and is set to become the energy capital of the world—for both traditional and renewable sources. Texas’ geography and natural resources, excellent transportation systems, highly skilled labor force and leadership in environmental research give the state a significant energy advantage.
Texas leads the U.S. as the top producer of both crude oil and natural gas, with nearly 480,000 miles of pipelines running throughout the state. The state is home to one-fourth of the nation’s proved natural gas reserves and is #2 in total LNG exports. If Texas were a nation, it would be the sixth-largest oil producer in the world.
The Lone Star State’s renewable energy potential is among the largest in the country, with abundant wind, solar and biomass resources found across the state’s geographically diverse regions. In recent years, Texas has built upon its energy experience and highly skilled workforce to take the lead in renewable energy production and services. As a result, Texas has become the top state in wind-powered generation and utility-scale solar. The Gulf Coast is becoming the heart of the renewable hydrogen energy infrastructure in the U.S. We also produce more electricity than any other state, generating almost twice as much as the second highest-producing state.
Top Texas companies in energy include:
Exxon Mobil | Plains GP Holdings |
Phillips 66 | Baker Hughes |
Valero Energy | ConocoPhillips |
Energy Transfer | Occidental Petroleum |
Enterprise Product Partners | Halliburton |