The Role of Texas in Global Oil Markets

Mineral View01 Feb, 2024News

Texas has seen a 15% increase in natural gas output and a tripling of crude oil production since 2010, driven primarily by advancements in horizontal drilling and hydraulic fracturing techniques ( or "fracking") in the shale resource plays. This article will examine Texas's role in the world's oil markets and the state's increasing prominence in the renewable energy industry.