By: Andrew MecklerPosted July 18, 2018 07:00:22As the nation’s largest natural gas producer, Texas ranks as one of the most important natural gas markets in the world, with more than 4 billion cubic feet of natural gas produced in the state each day.
As the state’s fourth-largest producer, the Barnett Shale, is one of only two oil- and gas-producing regions in the U.S., and the second-largest natural gas-rich region in the nation, Texas is a leading player in developing and deploying unconventional natural gas resources.
As a result, Texas has the potential to become the world’s third-largest gas producer by 2026.
Natural gas production is growing rapidly in Texas, and the Barnett is home to more than 600 natural gas wells, many of which are still under construction.
In addition to the natural gas fields in the Barnett, Texas also has significant natural gas deposits in the Eagle Ford Shale.
This vast natural gas resource is also home to a large underground natural gas storage area, known as the Permian Basin, and is home both to oil and gas fields.
In addition to natural gas production, the state also plays a significant role in developing natural gas infrastructure and energy resources.
In 2017, Texas’ Natural Gas Council estimated that the Barnett shale region contributed $6.5 billion in economic activity to the state.
As of 2019, Texas had nearly 1,000 operating natural gas transmission lines, as well as a total of 4,000 natural gas pipelines.
In 2018, the Texas Public Service Commission (TPSC) approved the $2.9 billion Texas Energy Corridor to serve the Permiian Basin and other energy-rich areas of the state, with the state contributing $2 billion.
Additionally, the TSC approved $2,000 million for the construction of a natural gas pipeline from the Permiso Shale to the Brazos River.
Texas is also an international leader in the development and use of biofuels, with natural gas currently providing more than two-thirds of the country’s natural gas consumption and one-fifth of the U