AUSTIN, Texas — It may be hard to believe that it all began in a tiny place called Gladys City, a few miles from Beaumont in southeast Texas. It was there that a man named Anthony Lucas had a hunch.

(The Center Square) – The Texas oil and natural gas industry paid $27 billion in state and local taxes and state royalties in fiscal 2025. It was the second highest total the industry paid in recorded ...

The Texas oil and gas industry had a record-setting year in 2025, both in production numbers and financial impact, according to data released Wednesday by the Texas Oil and Gas Association. Spencer ...

(The Center Square) – The U.S. oil and natural gas industry set oil and natural gas production records in November. Crude oil output reached an estimated 5.9 million barrels per day in November, the ...