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Texas accounted for 42.2% of total U.S. crude oil production and 29.2% of the U.S.-marketed natural gas production between January and May, according to the group’s June 2025 “Monthly Energy ...

Offshore Israel, the UK’s Energean is also developing the Katlan gas field, which the company said last month is progressing on schedule, with first gas on track for the first half of 2027.

The US increased its total liquids production share to 22% from 15% over the past decade as OPEC’s share languished. Production cuts are more likely in the Permian than in other basins.

The EU has reduced the share of Russian gas imports, from 45% of all gas imports before 2022, down to 18% now, European Commission President Ursula von der Leyen said at the end of April.

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Tech companies’ interest in gas-fired power generation has also delighted Texas policymakers, who have tried to encourage more natural gas power plants to be built in the state for years.