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Energy

As the Energy Capital of the World, Houston is the headquarters and the intellectual capital for virtually every segment of the energy industry including exploration, production, transmission, marketing, supply, and technology. Houston employs nearly a third of the nation's jobs in oil and gas extraction. Home to 4,600 energy-related firms, the region remains at the forefront of foreign investment in energy - particularly in Mexico.

The critical mass created by such a high concentration of companies and thought leaders in one geographic area yields opportunities for all sectors of the energy industry, including a growing focus on energy tech and renewable forms of energy.

Business Climate

Houston's high concentration of energy expertise and experience has meant a large number of relocations to the Houston region since Shell left New York for Houston in 1971. In Houston, you'll have access to three million workers and more engineers than any other U.S. metro. With more than 500 exploration and production firms, 800 oilfield service companies and more than 90 pipeline transportation establishments, Houston is truly the Energy Capital of the World.

Energy Employment
237,000+
Energy-Related Establishment
4,600+
Publicly Traded Oil & Gas Firms
39 out of 138
Barrels of Crude Oil Processed
Nearly 2.6M
Engineering Location Quotient
1.61

Additionally, new energy technologies such as hydraulic fracturing and deep-water offshore technology began or are centered in Houston. On top of this, Houston's petrochemical sector is experiencing record level growth with $50 billion in dollars of facility construction underway.

Renewables

Houston’s status as the Energy Capital of the World and the brain trust of the global energy industry has resulted in an ecosystem that offers a competitive advantage to energy companies working in solar, wind, biomass and other renewables activities.

Solar-Related Cos.
100+
Wind-Related companies
30+
Online Wind projects in Texas
136+
Cleantech Venture Capital Funding
$3.7B

Texas and Houston are well-positioned as leaders in developing large scale renewable energy projects in both wind and solar. Houston has a growing base of solar energy sources and is home to more than 100 solar-related companies. Texas continues to pave the way by leading the nation in installed wind capacity by state, and Houston is home to some 30 wind-related companies. 

Houston is also a hot-spot for funding in the renewable energy space. Of the $5.2 billion in venture funding received by Houston enterprises in between ’15 and ‘17, renewable energy accounted for the largest share with more than 35 percent. In addition, Houston-based private equity firms manage over $62 billion in assets, with 70 percent focused on energy.

 

Energy Tech

Innovation is driving dramatic gains in productivity and efficiency: Todays’ rigs are bigger, more powerful, and increasingly more accurate. Data analytics and automation are transforming the oil & gas industry in remarkable ways, and it’s all happening in Houston

Energy Tech Cos.
67
R&D Centers focused on Energy Innovation
52%
Incubators, accelerators and coworking spaces
Nearly 30

As Houston continues to leverage our unique strengths as the Energy Capital of the World with the expertise, talent, and ability to scale, we are creating an environment that naturally fosters emerging digital technology companies and their R&D work.

At least 21 of the Houston’s 40 corporate R&D centers are focused on energy technology and innovation. You can find a healthy mix of innovative start-ups to experienced and evolved tech companies focusing on a range of activity, including blockchain, data analytics and AI.

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Notable Employers
Industry Partners
26.7 percent

The Gulf Coast accounts for 26.7 percent of U.S. crude oil production

12.8 percent

Houston is home to 12.8 percent of the U.S. biofuel refining capacity

44 out of 128

U.S. publicly traded oil and gas companies are located in Houston

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Need more information about the Energy Industry? Your dedicated team member can help:

  • Assist in site selection analysis
  • Assist in evaluating and applying for incentives
  • Aid in the permitting process
  • Provide data on key business facilities
  • Facilitate and foster key introductions
Horacio Licon
Vice President
International Investment & Trade
E
hlicon@houston.org
P
713-844-3607
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Key Fact 44 out of 128 <p>U.S. publicly traded oil and gas companies are located in Houston</p>
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