Oil and Gas in the Texas Economy
Oil and gas have shaped Texas history for more than a century. From the legendary Spindletop gusher to today's prolific Permian Basin, the industry has powered the state's economy, funded schools and universities, and created generations of jobs. While Waco is not located in a major producing basin, the city plays an important role through fuel distribution, pipeline infrastructure, industrial services, workforce training, and corporate offices serving the broader Texas energy sector.
Waco's location along Interstate 35, its rail connections, and its central position between major Texas markets make it a logical hub for fuel logistics and energy services. This guide highlights ten of the best oil and gas companies serving Waco and Central Texas.
How We Selected These Companies
We considered local presence, economic impact, safety records, employment opportunities, reliability of fuel supply, community involvement, and commitment to environmental stewardship. Both major integrated energy companies and regional distributors are included.
1. ExxonMobil
ExxonMobil, headquartered in the Houston area, is one of the largest energy companies in the world. Its fuels are sold at numerous Waco stations, and its Texas refining and production operations supply much of the state's energy needs. The company also invests in lower-emission technologies such as carbon capture and hydrogen.
2. Chevron
Chevron operates extensively in Texas, particularly in the Permian Basin. Its fuels are available throughout Waco, and it continues to invest in both traditional production and emerging energy technologies.
3. Phillips 66
Phillips 66 operates refining, midstream, and marketing businesses, with its fuel brands widely available across Central Texas. Its pipeline network helps deliver refined products to markets including Waco.
4. Energy Transfer
Energy Transfer, based in Dallas, operates one of the largest pipeline networks in the United States. Natural gas and liquids pipelines passing through Central Texas are critical to delivering energy to homes, businesses, and power plants.
5. Atmos Energy
Atmos Energy is the natural gas utility serving Waco and many surrounding communities. It delivers gas for home heating, cooking, water heating, and commercial use, and it has invested significantly in pipeline safety and modernization.
6. Buc-ee's and Regional Fuel Retailers
Texas-born fuel retailers, including the famous Buc-ee's travel center near Waco along Interstate 35, provide high-volume fuel sales and serve as landmarks for travelers. Regional convenience chains also play a major role in local fuel distribution.
7. Local Fuel Distributors and Jobbers
Independent fuel distributors supply gasoline, diesel, and lubricants to farms, construction companies, trucking fleets, and businesses throughout McLennan County. Their reliable delivery keeps agricultural and industrial operations running.
8. Oilfield Service Companies
Oilfield service companies with Central Texas operations provide equipment, fabrication, transportation, and technical services to producers across the state. Waco's manufacturing base supports the production of components used in drilling and production.
9. Propane Suppliers
Propane suppliers serve rural homes, farms, and businesses outside natural gas service areas, providing fuel for heating, cooking, irrigation, and equipment.
10. Texas State Technical College Energy Programs
TSTC's Waco campus trains technicians in industrial systems, instrumentation, welding, diesel technology, and related fields that feed the oil and gas workforce, offering pathways to well-paying careers across the state.
Economic Impact on Waco
Oil and gas contribute to Waco's economy through jobs in fuel distribution, pipeline operations, manufacturing, and transportation. The industry supports suppliers, trucking companies, and service businesses. Statewide, oil and gas revenues fund the Permanent School Fund and Permanent University Fund, benefiting Texas schools and universities, including institutions that serve Waco students.
Careers in the Energy Industry
The oil and gas industry offers careers ranging from welders, pipefitters, and truck drivers to engineers, geologists, and environmental specialists. Technical programs in Waco prepare students for skilled trades that are in consistent demand. Many roles offer competitive wages, benefits, and opportunities for advancement.
Industry Trends
The oil and gas industry is evolving. Companies are investing in emissions reduction, methane detection, carbon capture, and hydrogen production. Digital technologies, including automation and data analytics, are improving efficiency and safety. Natural gas continues to play a key role in electricity generation, complementing wind and solar on the Texas grid. Many energy companies now describe themselves as broader energy providers, balancing traditional production with investments in lower-carbon solutions.
Safety and Environmental Responsibility
Pipeline safety, spill prevention, and emissions management are critical priorities. Regulators such as the Railroad Commission of Texas oversee oil and gas operations, and companies increasingly publish sustainability reports detailing environmental performance. Residents should know how to recognize signs of a natural gas leak, such as a rotten-egg odor, and contact their utility immediately if suspected.
Frequently Asked Questions
Is there oil production near Waco?
McLennan County is not a major producing area, but Waco serves as an important hub for fuel distribution, pipelines, manufacturing, and workforce training that support energy production elsewhere in Texas.
Final Thoughts
Oil and gas remain an essential part of the Texas economy and daily life in Waco. From major producers and pipeline operators to local fuel distributors and training programs, the companies above keep energy flowing to homes, businesses, and travelers across Central Texas. As the industry evolves, Waco's workforce and infrastructure will continue to play a vital role in the state's energy future.