Texas Oil and Gas Production Statistics for August 2016

0

AUSTIN –– Production for August 2016 as reported to the Railroad Commission of Texas (Commission) is 75,034,914 barrels of crude oil and 606,931,065 mcf (thousand cubic feet) of total gas from oil and gas wells. These preliminary figures are based on production volumes reported by operators and will be updated as late and corrected production reports are received. Production reported to the Commission for the same time period last year, August 2015, was: 74,679,202 barrels of crude oil preliminarily, updated to a current figure of 90,454,059 barrels; and 624,110,098 mcf of total gas preliminarily, updated to a current figure of 746,328,268 mcf.

The Commission reports that in the last 12 months, total Texas reported production was 1.004 billion barrels of crude oil and 8.2 trillion cubic feet of total gas. Crude oil production reported by the Commission is limited to oil produced from oil leases and does not include condensate, which is reported separately by the Commission.

Texas preliminary August 2016 crude oil production averaged 2,420,481 barrels daily, compared to the 2,409,007 barrels daily average of August 2015.

Texas preliminary August 2016 total gas production averaged 19,578,421 mcf a day, compared to the 20,132,584 mcf daily average of August 2015.

Texas production in August 2016 came from 183,052 oil wells and 92,155 gas wells.

About the Railroad Commission

Our mission is to serve Texas by our stewardship of natural resources and the environment, our concern for personal and community safety, and our support of enhanced development and economic vitality for the benefit of Texans. The Commission has a long and proud history of service to both Texas and to the nation, including almost 100 years regulating the oil and gas industry. The Commission also has jurisdiction over alternative fuels safety, natural gas utilities, surface mining and intrastate pipelines. Established in 1891, the Railroad Commission of Texas is the oldest regulatory agency in the state. To learn more, please visit http://www.rrc.texas.gov.

By Subcontractors USA News Provider
Source: Railroad Commission of Texas

Share.

Comments are closed.