Texas

Texas petroleum industry had unusual year

Published

2 years ago

February 11, 2024

Texas petroleum industry had unusual year

Alex Mills
| Wichita Falls Times Record News

The petroleum industry in Texas had an unusual year in 2023: it produced more crude oil and natural gas in the state’s history, but declining exploration and production indicators could be sending a different message about the future.

The Texas Petro Index, a monthly measure of growth rates and cycles in the Texas upstream economy, fell for 11 consecutive months in 2023 from 178.3 in December 2022 to 154.4 in December 2023, which is a decline of 13.4%.

“Rising crude oil and natural gas production and still-growing industry employment were unable to offset lower prices, fewer rigs at work, and lower values of statewide production, pushing the TPI downward in 2023 after the January peak,” said Karr Ingham, Petroleum Economist for the Texas Alliance of Energy Producers, and the creator of the TPI analysis. “But Texas oil and gas producers, with extraordinary efficiency and productivity gains on full display, still managed to grow production significantly, setting new records for statewide output along the way.”

Statewide crude oil production in Texas surpassed two billion barrels for the first time ever in 2023, and reached a record 5.62 million barrels per day in December 2023, Ingham said. Daily production, which peaked pre-COVID at 5.45 million barrels in March 2020, finally reached and exceeded that level fully three years later in March 2023. Texas annual crude oil production in 2023 outpaced the 2022 annual total by a stout 8.5%, and comprised 42.6% of U.S. annual production.

Texas natural gas production exceeded 12 trillion cubic feet (TCF) for the first time at an estimated 12.5 TCF in 2023, an increase of 7.4% over the 2022 annual total, Ingham said.

“Surprisingly, however, these milestones were accomplished with a significant and sustained decline in the statewide rig count and fewer drilling permits issued over the course of the year,” Ingham said. “The Texas rig count climbed to its post-COVID high of 379 in January 2023, and then fell by 76 rigs to 303 in November, before adding four rigs in December. At year-end 2023 the rig count was down by nearly 18% compared to the December 2022 monthly average.”

At the same time the number of drilling permits declined by 16.5% in 2023.

It is unusual that production would increase by such a substantial margin (8% for oil and 7% for natural gas) while the drilling permits and the rig count decline by 18% and 16%, respectively.

Additionally, all of this occurred with a workforce that is a third smaller than it was 10 years ago.

“Texas is increasingly leading the way in terms of supply growth domestically and globally, helping to meet the ever-growing demand for abundant, affordable, and reliable energy at home and around the world,” said Ingham. “For this, oil and gas operators in Texas of all shapes and sizes are worthy of thanks, not scorn, and their accomplishments in powering our economy, improving our everyday lives, and enhancing America’s energy security should be widely celebrated.”

Alex Mills is the former President of the Texas Alliance of Energy Producers

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How to buy Houston vs. Texas A&M 2026 March Madness tickets

Published

2 hours ago

March 20, 2026

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How to buy Houston vs. Texas A&M 2026 March Madness tickets

The Houston Cougars reminded the college basketball world they are a force to be reckoned with in the NCAA Tournament on Thursday night.

No. 2 Houston dispatched No. 15 Idaho 78-47 and is heading to the Round of 32 on Saturday.

Led by freshman guard Kingston Flemings, the Cougars routed the Vandals and secured an intra-state matchup in the second round of March Madness.

SHOP: Houston vs. Texas A&M March Madness tickets

Now, Houston will take on No. 10 Texas A&M on Saturday, March 21. The Aggies pulled off the minor upset beating St. Mary’s earlier on Thursday evening.

Here is everything you need to know in order to buy Houston vs. Texas A&M March Madness basketball second round tickets.

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Shop Houston vs. Texas A&M March Madness tickets

When is March Madness 2026?

The First Four tipped off the 2026 March Madness tournament on Tuesday, March 17. The two rounds run between Thursday, March 19 and Sunday, March 22. The tournament concludes with the Final Four on Saturday, April 4 and the National Championship game on Monday, April 6.

Houston March Madness next opponent

Houston earned a No. 2 seed in the South regional. They team defeated Idaho in the its opening game and have advanced to the Round of 32, where they will play the No. 10 Texas A&M on Saturday. Tickets to Houston’s Round of 32 game start at $192 and includes entry to see No. 4 Nebraska take on No. 5 Vanderbilt as well.

Limited tickets for the first weekend of March Madness in Oklahoma City. are still available. Get your Houston vs. Texas A&M NCAA Tournament tickets now.

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Houston vs. Texas A&M March Madness schedule, game time

After defeating Idaho on Thursday, Houston will compete against the Aggies of Texas A&M on Saturday, March 21. Tip off is set for 6:10 p.m ET. Shop Houston Round of 32 tickets now.

More March Madness: Everything fans need to know about the 2026 NCAA Tournament

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Houston March Madness basketball tickets

Limited Houston NCAA Tournament tickets are still available for the Round of 32. Get your Houston March Madness tickets now.

Illinois March Madness game locations

Illinois will play its Round 32 game at the Paycom Center in Oklahoma City on Saturday, March 21. Tip off is scheduled for 6:10 p.m. ET

Limited tickets for the first weekend of March Madness in Oklahoma City. are available. Shop your Houston NCAA Tournament tickets now.

Shop ALL Houston basketball tickets

Houston Sweet 16 tickets

If the Cougars were to advance to the Sweet 16, they’d travel back home to Houston. Sweet 16 tickets in Houston are already available starting at $207.

Shop Houston Sweet 16 tickets

March Madness 2026 full schedule for the men’s tournament

April 6: National Championship
March 19-20: First round
March 21-22: Second round
March 26-27: Sweet 16
March 28-29: Elite 8
April 4-5: Final Four

Shop ALL March Madness tickets

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Texas

North Texas Humane Society takes in about 40 dogs from Caps property

Published

14 hours ago

March 19, 2026

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North Texas Humane Society takes in about 40 dogs from Caps property

Abilene, Texas — The Humane Society of North Texas has taken in approximately 40 dogs from the Caps situation.

However, officials say they were unable to take in four additional dogs due to a higher number of animals than originally anticipated.

RELATED | Dozens of dogs reported on property in Caps, ‘It’s ridiculous’

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Those remaining dogs are now expected to be placed with foster families later this week.

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Saint Mary’s Gaels and Texas A&M Aggies square off in the first round of NCAA Tournament

Published

1 day ago

March 19, 2026

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Saint Mary’s Gaels and Texas A&M Aggies square off in the first round of NCAA Tournament

Texas A&M Aggies (21-11, 11-8 SEC) vs. Saint Mary’s Gaels (27-5, 16-3 WCC)

Oklahoma City; Thursday, 7:35 p.m. EDT

BETMGM SPORTSBOOK LINE: Gaels -3.5; over/under is 147.5

BOTTOM LINE: No. 22 Saint Mary’s (CA) and Texas A&M square off in the NCAA Tournament first round.

The Gaels’ record in WCC play is 16-3, and their record is 11-2 against non-conference opponents. Saint Mary’s (CA) averages 10.2 turnovers per game and is 7-2 when it wins the turnover battle.

The Aggies’ record in SEC play is 11-8. Texas A&M ranks seventh in the SEC with 10.3 offensive rebounds per game led by Rashaun Agee averaging 2.7.

Saint Mary’s (CA) makes 46.2% of its shots from the field this season, which is 2.0 percentage points higher than Texas A&M has allowed to its opponents (44.2%). Texas A&M scores 23.1 more points per game (87.7) than Saint Mary’s (CA) gives up to opponents (64.6).

TOP PERFORMERS: Paulius Murauskas is shooting 48.9% and averaging 18.8 points for the Gaels. Mikey Lewis is averaging 2.5 made 3-pointers over the last 10 games.

Ruben Dominguez is shooting 40.4% from beyond the arc with 2.6 made 3-pointers per game for the Aggies, while averaging 10.3 points. Agee is averaging 15.6 points and 9.2 rebounds over the last 10 games.

LAST 10 GAMES: Gaels: 8-2, averaging 77.3 points, 38.6 rebounds, 15.7 assists, 5.8 steals and 4.2 blocks per game while shooting 45.2% from the field. Their opponents have averaged 64.7 points per game.

Aggies: 4-6, averaging 78.3 points, 32.7 rebounds, 14.2 assists, 6.5 steals and 2.7 blocks per game while shooting 42.0% from the field. Their opponents have averaged 83.6 points.

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The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.

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