The Texas Oil & Gas Association (TXOGA) released its June 2025 Monthly Energy Economics Review (MEER), highlighting record-setting natural gas production and strong exports that reinforce Texas’ central role in powering the U.S. and global economies.
According to TXOGA’s estimates, Texas crude oil production remained steady at 5.7 million barrels per day (mb/d) in May 2025, while natural gas gross withdrawals rose to 36.9 billion cubic feet per day (bcf/d), with marketed production reaching a record 34.4 bcf/d. Natural gas liquids (NGLs) production remained strong at 4.0 mb/d.
“Texas consistently sets the standard for energy leadership,” said TXOGA President Todd Staples. “With abundant natural resources, top-tier infrastructure, and an ongoing commitment to innovation and improvement, this industry reliably delivers for families, communities, and our trading partners at home and across the globe.”
“Natural gas production in Texas continues to scale new heights, helping meet domestic needs while advancing our role as a global energy supplier,” said TXOGA Chief Economist Dean Foreman, Ph.D. “Strong market access and infrastructure investments have enabled Texas to deliver record volumes to consumers and export markets alike.”
March 2025 Highlights: Based on the latest data from the U.S. Energy Information Administration (EIA) and the U.S. International Trade Commission (USITC):
- Estimated Record Natural Gas Flows. Texas produced 27.7 bcf/d of dry natural gas, supplying 11.8 bcf/d to in-state consumers—primarily for industrial use and electricity generation—while exporting 12.5 bcf/d. Exports included 8.6 bcf/d as LNG and 3.9 bcf/d via pipeline to Mexico.
- Robust Energy Exports. In March, Texas exported $19.8 billion in energy products, a 2.6% increase year-over-year. Crude oil accounted for $8.8 billion, refined products for $5.5 billion, HGLs for $2.9 billion, and natural gas (LNG and pipeline) for $2.6 billion.
- Europe and Asia Lead as Trading Partners. Europe received 61% of Texas LNG exports and 40% of crude oil exports, while Asia Pacific was the leading destination for HGLs (57%) and also received 43% of crude oil exports.
- Refining and Consumption Milestones. March set new records for crude oil supply at 9.5 mb/d and refined product demand within Texas at 4.7 mb/d.
From January through May 2025, Texas accounted for 42.2% of total U.S. crude oil production and 29.2% of U.S. marketed natural gas production.
Source: TXOGA
