Five Quick Facts about Texas’ Energy Production
Jan. 28, 2015
by JM Editors
- Texas is the leading crude oil-producing state in the nation, exceeding production levels even from the federal offshore areas.
- As of January 2014, the 27 petroleum refineries in Texas had a capacity of over 5.1 million barrels of crude oil per day and accounted for 29% of total U.S. refining capacity.
- Texas accounted for about 29% of U.S. marketed natural gas production in 2013, making it the leading natural gas producer among the states.
- Texas leads the nation in wind-powered generation capacity with over 12,000 megawatts; in 2013 Texas generated almost 36 million megawatthours of electricity from wind energy.
- West Texas Intermediate (WTI), a grade of crude oil produced in Texas and southern Oklahoma, is traded in the domestic spot market at Cushing, Oklahoma, where it serves as a benchmark for oil pricing.