In FY 2025, the industry employed more than 495,500 Texans who earned an average of $133,095 a year—68 percent more than the average paid by the rest of Texas’ private sector. Conservatively, these jobs generate approximately two more jobs, with nearly 1.4 million total jobs supported across the Texas economy. Some economic analyses suggest that the industry’s employment multiplier could approach three additional jobs per direct job – bringing the total to over 2 million jobs supported by the industry across Texas.

Based on the combined state and local taxes and state royalties attributable to the industry, the oil and natural gas industry pays far more per employee ($54,481) than the average private-sector industry average ($7,225). Staples observed this 7.5-to-1 difference underscores the outsized role the industry plays in financing state and local government services.

“Despite market challenges, the oil and natural gas industry shattered another string of records in fiscal year 2025,” said Staples. “Non-stop industry innovation, investment and operational efficiency raised the bar for performance, once again.”

Texas crude oil production set a new record in July 2025, reaching 5.85 mb/d. Marketed natural gas production reached 35.4 bcf/d in August. Most of these impressive totals are coming out of the Permian Basin, where innovation and efficiency are driving record production in the most important basin in the world.

Texas also set records for exports of crude oil and condensate, liquefied natural gas (LNG), and total natural gas. To transport these volumes, pipeline infrastructure grew to 472,790 miles and LNG export capacity from Texas and Louisiana approached 13.0 bcf/d, with another 19.0 bcf/d of projects already being commissioned or under construction.

Against the backdrop of this strong performance, Staples addressed market commentary related to a potential global energy “glut,” and cautioned against confusing headlines with fundamentals.

“Headlines aside, our data show markets adjusting, not breaking,” Staples said. “Texas energy remains productive, reliable, and globally essential – and fundamentals, not sentiment, continue to drive outcomes for our economy and consumers.”

Staples noted that TXOGA does not see evidence of a disorderly oversupply, but rather markets adjusting as long-lead projects sanctioned years ago come online. He explained that as global energy demand continues to grow, U.S. production gains reflect productivity and efficiency, and Texas remains uniquely resilient due to its infrastructure, export capacity, and innovation. These fundamentals, not short-term sentiment, he said, underpin the strong economic contribution detailed in TXOGA’s 2025 Energy & Economic Impact Report.

“At a time when energy debates are often driven by competing narratives, this report focuses on facts. It underscores a simple truth: Texas runs on oil and natural gas, made possible by hundreds of thousands of skilled men and women who rise before the sun to keep our economy moving and our communities secure,” Staples said. “In the coming year, we look forward to continuing our partnership with state leaders and communities to keep Texas powered, prosperous, and prepared for what comes next.”