Texas oil drillers congratulated themselves for breaking their 1973 production record by 20 percent in 2018. They gave a shoutout to President Donald Trump for rolling back regulation on the industry.
In 2018, 1.54 billion barrels of crude were pumped, which is 277 million barrels more than the year before, and about 20 percent more than the previous record of 1.28 billion set during the 1973 oil crisis, according to the 2019 State of Energy Report by the Texas Independent Producers and Royalty Owners Association (TIPRO).
