'Texas is investing in the future of the world's energy sector and protecting the petroleum industry, the lifeblood of the state's economy, to power our state for generations to come."
– Governor Greg Abbott
Texas Insider Report: AUSTIN, Texas – Governor Greg Abbott today touted Texas' booming energy industry as the nation's leader in energy production, powering America's economy and leading the nation in investment in the advanced nuclear energy industry.
"This year Texas took a magnificent step in becoming the headquarters of the American Nuclear Renaissance," said Governor Abbott. "By solidifying our great state as a prairie for nuclear energy to thrive, Texas' energy ecosystem is stronger than ever before. Texas is investing in the future of the world's energy sector and protecting the petroleum industry, the lifeblood of the state's economy, to power our state for generations to come."
2025 Highlights From Texas' Energy Sector:
Governor Abbott Signs Oilfield Theft Protection, Pro-Growth Legislation Into Law
In June, Governor Greg Abbott signed into law key legislation to protect Texas’ oil and gas industry and promote economic growth across West Texas, including Senate Bill 494, Senate Bill 529, Senate Bill 1806, House Bill 48, and the Beacon Budget Appropriation.
"Today is a defining moment for the Permian Basin, the future of this region, and the future of Texas," said Governor Abbott. "We are bringing the full weight of the law to crack down on oil theft in the Permian Basin to protect the critical role energy development plays in fueling our economy. I'm also signing an item to fund an historic $123 million investment in The Beacon, a pivotal economic development project for Midland-Odessa."
Senate Bill 494 (Sparks/Landgraf) establishes a petroleum product theft task force.
Senate Bill 529 (Sparks/Craddick) alters the tax code for the City of Midland to divert certain collected tax revenue for economic development projects.
Senate Bill 1806 (Sparks/Craddick) provides the Texas Department of Public Safety (DPS) with additional tools to combat oil and gas theft.
House Bill 48 (Darby/Sparks) creates an organized oilfield theft prevention unit within DPS to protect oilfield assets, support the energy industry, safeguard economic stability, and enhance public safety.
Beacon Budget Appropriation was appropriated by the Texas Legislature to the Texas Facilities Commission to support Beacon Healthcare in extending healthcare, research, residential, and retails spaces in the region.
