New technologies such as and led to a new boom era of oil and gas production in texas beginning in 2008 and continuing through today 2306

Hydraulic fracturing and horizontal drilling. These technologies have revolutionized the industry and been critical in greatly expanding the quantity of exploitable oil and gas resources. Oil and gas deposits that were previously inaccessible are now within reach. The resulting increase in supply has caused oil prices to drop by about a third since 2008 and converted the U.S. into a net oil and gas producer and exporter for the first time in half a century.