Technology and Innovation in Oil and Natural Gas Revolutionized Modern Life
The Texas Oil & Gas Association released the following column as a part of TXOGA’s year-long celebration of its centennial anniversary.
AUSTIN – Few industries can match the rapid rise of technology and innovation of the Texas oil and natural gas industry. From the state’s first gushers to modern-day hydraulic fracturing, a relentlessly pioneering spirit has been the driving force for the industry that has defined Texas. Over the decades, as technology evolved, game-changing innovations gleaned from the industry’s commitment to research and development have revolutionized not only energy but life as we know it.
Not only have industry advancements propelled humankind, they have resulted in lower-emissions operations, services, and products. The combination of hydraulic fracturing and horizontal drilling, perfected right here in Texas, has led to America leading the world not only in production of oil and natural gas, but in reduction of greenhouse gas emissions. Indeed, greater use of clean natural gas has driven U.S. carbon emissions to their lowest levels in a generation. Advancements in fracking have also saved Texas families hundreds of dollars in energy costs, led to a revival of manufacturing and high-tech jobs in Texas, and provided billions in funding for our state’s public schools and universities, roads, first responders, and other essential services.