• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 19 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 7 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 1 hour Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 3 hours Saudi Fund Wants to Take Tesla Private?
  • 3 hours Starvation, horror in Venezuela
  • 12 hours Venezuela set to raise gasoline prices to international levels.
  • 4 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 6 hours Are Trump's steel tariffs working? Seems they are!
  • 2 days Batteries Could Be a Small Dotcom-Style Bubble
  • 2 days Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 2 days Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 1 day Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 17 hours Corporations Are Buying More Renewables Than Ever

Texas Oil Production Shows Resilience In Light Of Low Oil Prices

The Texas RRC Oil & Gas Production Estimates are in. By now everyone should know that the Texas oil and gas data is incomplete and the drooping data lines will eventually look more like the EIA lines as the more and more data comes. The EIA data is only through May but all Texas Railroad Commission data is through June.

(Click to enlarge)

It appears that Texas C+C was flat to slightly up in June.

(Click to enlarge)

Dr. Dean Fantazzini has a program that attempts to correct for the incomplete data and give a pretty good estimate of what the final data will look like. He has April C+C down, May down also but only slightly so and has June Texas Crude+Condensate up slightly.

(Click to enlarge)

Texas crude only appears to have increased slightly.

Related: Supply, Demand Equilibrium Further Away Than Ever Before

(Click to enlarge)

Dean has crude only pretty much the same as C+C for April, May and June except tracking about half a million bpd lower.

(Click to enlarge)

Texas condensate appears to have declined slightly in June.

Related: Oil Prices Must Rebound. Here’s Why

(Click to enlarge)

Dean has condensate flat to slightly up in June.

(Click to enlarge)

Texas total gas increased slightly in June.

Related: Tianjin Disaster A Wake Up Call For Chinese Petrochemical Industry

(Click to enlarge)

Dean has total gas up slightly also.

(Click to enlarge)

Texas gas well gas peaked way back in 2008 but appears to be holding its own now.

Texas associated gas, or what the RRC calls casinghead gas, has been responsible for keeping Texas total gas increasing. But production of associated gas seems to have hit a snag around September 2014 and has been slowing down since.

By Ron Patterson

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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