Reserves

• Texas has all or part of 28 of the top 100 U.S. oil fields, ranked by proved reserves.
• Texas proved oil reserves were 24.0% of total U.S. proved oil reserves in 2007.
• Texas proved oil reserves (wet) totaled 5.122 billion barrels (bbls) in 2007, up 5.2% from the 2006 figure. This reflects greater drilling and development work, spurred by higher oil prices in 2006, 2007 and 2008. Previously, proved oil reserves decline 1.0% in 2006, while growing 6.6% in 2005.
• In Railroad Commission District 8A (West Texas), proved oil reserves totaled 2.179 billion bbl in 2007, up 4.1% from the 2006 figure, again representing heavy development activity. That number represents 10.1% of the entire U.S. reserves. By itself, it equals about two-thirds of the entire proved oil reserves of California.
• In Railroad Commission District 8 (West Texas), proved oil reserves totaled 1.796 billion bbl in 2007, up 4.6% from the 2006 figure, again reflecting higher drilling rates.
• In Railroad Commission District 7C (West Central Texas), proved oil reserves totaled 326 million bbl in 2007, up 13.2% from the 2006 figure. Previously, District 7C reserves grew 17.6% in 2006 and 18.9% in 2005.

Production

• Texas has all or part of 27 of the top 100 U. S. fields, ranked by oil production (2007 volumes).
• Texas oil production accounted for 21.7% of U.S. oil production in 2008.
• Texas produced 1.072 million barrels per day (bpd) in 2008, down 1.5% from the 2007 figure, which had been flat with 2006. The 2006 level 1.088 million bpd) was up 1.4% from 2005’s figure.
• The number of producing oil wells in Texas was 150,239 in 2008, equal to 28.6% of the U.S. total.
• The 2008 producing oil well total increased 3.9% from the 2006 figure, reflecting greater drilling activity, as well as producers putting wells back onstream to take advantage of higher commodity prices.

Consumption

• Texas leads the nation in petroleum consumption (more than half due to industrial usage), followed by California, Florida, Louisiana and New York.
• Texas petroleum consumption in 2008 was equal to 16.0% of total U.S. consumption, at 3.31 million bpd.
• The 2008 consumption figure includes 796,000 bpd for motor gasoline, 1.19 million bpd for liquefied petroleum gases, 396,000 bpd for distillate fuel, and 206,600 for jet fuel.
• In Texas, net electricity generation fired by natural gas totaled 11,478 thousand mega-watt hours (MWh) in November 2008, accounting for 18.7% of the U.S. total. To provide this electricity generation, 96.562 Bcf of gas were used, equal to 19.9% of the U.S. total.