Texas is the top oil and natural gas producer and industry employer, according to a new report.
The state also ranked highest in the country in industry wages, payroll, and Gross Regional Product (GRP). GRP is the Gross Domestic Product (GDP) for a region of study.
As the country’s top oil producer, Texas supplied more than 1.83 billion barrels, up from 1.74 billion barrels in 2021, to energy markets, according to a report by the Texas Independent Producers and Royalty Owners Association (TIPRO). In 2021, the state produced 1.74 billion barrels of oil.
Last year, New Mexico tracked at a distant second, producing 534 million barrels, up from 455 million barrels the year before. And North Dakota came in third with 393 million barrels, a decrease of more than 11 million barrels produced in 2021….