The oil and gas industry's roots run deep into the past, present and future of Texas' thriving economy. Although discovered earlier, the first economically significant oil discovery occurred in 1894. This discovery set the stage for commercial oil production in the state prompting further exploration.
Now leading the nation, Texas is number one in natural gas production and dominates the U.S. market in consumption.
Texas’ oil and gas businesses have brought together technology, manpower, and investment to keep the State number one in energy production despite turbulent times in energy markets. Under the threat of national and international economic and financial crises, Texas’ Oil and Gas Industry has been the fuel keeping the State fiscally and economically resilient."Texas Oil and Gas Association