• 9 hours PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 11 hours Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 13 hours Syrian Rebels Relinquish Control Of Major Gas Field
  • 14 hours Schlumberger Warns Of Moderating Investment In North America
  • 15 hours Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 16 hours Energy Regulators Look To Guard Grid From Cyberattacks
  • 18 hours Mexico Says OPEC Has Not Approached It For Deal Extension
  • 19 hours New Video Game Targets Oil Infrastructure
  • 21 hours Shell Restarts Bonny Light Exports
  • 22 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 1 day Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 1 day British Utility Companies Brace For Major Reforms
  • 2 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 2 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 2 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 2 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 2 days Kinder Morgan Warns About Trans Mountain Delays
  • 2 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 3 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 3 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 4 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 4 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 4 days China To Take 5% Of Rosneft’s Output In New Deal
  • 4 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 4 days OPEC Oil Deal Compliance Falls To 86%
  • 5 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 5 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 5 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 5 days Aramco Says No Plans To Shelve IPO
Alt Text

With A World Awash In Oil, Kazakhstan Faces Fuel Crisis

Kazakhstan is struggling with a…

Alt Text

The Energy War That Erdogan Is Winning

The Turkish Republic of Northern…

Alt Text

The New Challenger To Lithium Batteries

The lithium-ion battery is head…

Ron Patterson

Ron Patterson

Ron Patterson is a retired computer engineer. He worked in Saudi Arabia for five years, two years at the Ghazlan Power Plant near Ras Tanura…

More Info

Texas Oil Production Remains Resilient In Light Of Low Oil Prices

Texas Oil Production Remains Resilient In Light Of Low Oil Prices

The Texas RRC Oil and Gas Production Data is out. There appeared to be no decline in December production and may have even been a slight increase.

The Texas RRC data is incomplete and only gives an indication as to whether Texas production increased or decreased. The data appears to droop because each month the Texas Railroad Commission receives a little more data and the totals increase, little by little, month by month, until after many months the data is complete.

In my charts I post the past six months of data in order to give some indication as to whether production is increasing or decreasing. The final data is through December and the EIA data is through November.

Texas crude plus condensate declined a little in November but seemed to make up that decline in December. Total Texas C+C seems to be on a flat plateau, declining in Eagle Ford but making up that decline in the Permian and the rest of Texas.

The EIA estimates the final Texas data through November. They have Texas peaking in March and down about a quarter of a million barrels per day since that point. Related: Storage Problems Could Cause A Rout In Oil Prices

(Click to enlarge)

Dr. Dean Fantazzini, Deputy Head of the Chair of Econometrics and Mathematical Methods in Economics at the Moscow School of Economics, Moscow State University, has worked out an algorithm that predicts what the final production numbers will look like. He has C+C relatively flat the last few months and slightly above the EIA estimate.

Texas crude only shows basically the same pattern as C+C.

(Click to enlarge)

This is Dean’s estimate of what the final Texas crude only production will look like.

Texas condensate seems to have a slightly steeper decline than crude only and peaked in December rather than March when crude only peaked. I use the term “peaked” to mean “peaked so far” and am not implying that it is the final peak. Only time will tell whether it is the final peak or not. Related: Venezuela Raises Fuel Prices By More Than 6,000 Percent

(Click to enlarge)

Dean’s data agrees that condensate peaked in December.

Texas total gas production, according to the EIA, peaked in June, so far, and now seems to be declining a bit faster than oil.

(Click to enlarge)

Dean shows Texas total gas production on a plateau with a slow decline. He has Texas gas production, in November, slightly above the EIA’s estimate. Related: Activist Investors Crushed By Oil Crash

Texas gas well gas actually peaked in early 2009 and has since been in a slow but steady decline.

Texas gas production has kept increasing due to the increase of associated gas. The shale oil boom is largely responsible for the increase in Texas associated gas

By Ron Patterson




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News