output model of Texas’ economy, the total economic value of oil and gas is 2.91 times Major Texas Oil and Gas Fields the value of production. [...] Additionally, 19.1 jobs Historic Oil and Gas Production and The top oil plays in Texas in 2019 include are created per million dollars of oil and gas Recent Significant Developments the Eagle Ford Shale in South Texas, the production. [...] Assuming oil and natural gas Oil drilling in Texas first occurred at Oil Wolfberry (combined Spraberry and Wolf- prices of $100/bbl and $3.5/Mcf, and year Springs, near Nacogdoches in East Texas, in camp Formations), and the Wasson and 2018 annual production of 1,275 MMbbl and 1866, less than a decade after Colonel Edwin Yates fields in the Permian Basin, which 8.5 Tcf, the wellhead value was $127. [...] Successes in Enhanced include the Newark East field (Barnett Shale) Oil Recovery (EOR) projects from the 1990’s in North Texas, the Eagle Ford Shale, and The Railroad Commission of Texas, to the present in mature fields in West Texas two tight gas sands—Granite Wash (northern established in 1891, is the oldest regulatory were insufficient to offset the overall statewide Panhandle) and Cotton Valle. [...] and World Ranking environment, its concern for the individual and horizontal wells and multistage hydraulic The application of advanced technologies communal safety of citizens, and its support of fracturing technologies has revitalized both continues to make Texas the leading state in oil enhancing development and economic vitality oil and natural gas production in Texas and in production.
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