CHAPTER FIVE
Natural Gas
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Exhibit 5-2
| Year | Real Natural Gas Price, per Mcf (adjusted to 2007 dollars) |
Oil and Gas as Percentage of Total Gross State Product |
|---|---|---|
| 1975 | $2.09 | 18.2% |
| 1976 | $2.53 | 18.8% |
| 1977 | $2.92 | 19.1% |
| 1978 | $2.94 | 18.8% |
| 1979 | $3.24 | 19.3% |
| 1980 | $3.59 | 24.0% |
| 1981 | $4.06 | 26.3% |
| 1982 | $4.40 | 24.3% |
| 1983 | $4.64 | 20.9% |
| 1984 | $4.49 | 19.2% |
| 1985 | $4.09 | 18.4% |
| 1986 | $2.85 | 13.2% |
| 1987 | $2.46 | 13.9% |
| 1988 | $2.50 | 16.0% |
| 1989 | $2.44 | 14.6% |
| 1990 | $2.36 | 15.6% |
| 1991 | $2.10 | 12.8% |
| 1992 | $2.29 | 11.1% |
| 1993 | $2.55 | 10.6% |
| 1994 | $2.24 | 10.4% |
| 1995 | $1.90 | 10.4% |
| 1996 | $2.60 | 11.0% |
| 1997 | $2.69 | 10.2% |
| 1998 | $2.16 | 7.8% |
| 1999 | $2.39 | 7.4% |
| 2000 | $4.17 | 9.1% |
| 2001 | $4.15 | 8.8% |
| 2002 | $3.21 | 8.1% |
| 2003 | $5.12 | 10.2% |
| 2004 | $5.59 | 11.9% |
| 2005 | $7.15 | 12.6% |
| 2006 | $6.01 | 13.0% |
Note: BEA data supplementary only.
Source: U.S. Bureau of Economic Analysis and Texas Comptroller of Public Accounts.