Energy

Energy Industry Statistics:

  • Texas is known for its leadership in both its hydrocarbon reserves and the intellectual assets to develop and manage oil and gas assets
  • Texas ranks fifth nationally among states with coal production and is the largest producer of lignite
  • Private expenditures in research and development have increased from $687 million in 2002 to $816.5 million in 2004
  • The majority of energy patents were issued for innovation in the oil and gas drilling and exploration area at 74.5%
  • Texas is the leading crude oil-producing State in the nation and Texas produces and consumes more electricity than any other State
  • Natural gas production in Texas increased 16% during the first 6 months of 2008

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