AUSTIN –– The Texas average rig count as of August 21, was 383, representing about 45 percent of all active land rigs in the United States according to Baker Hughes Incorporated. The Railroad Commission of Texas (Commission) reports that in the last 12 months, total Texas reported production was 989 million barrels of oil and 8.4 trillion cubic feet of natural gas.
The Commission’s estimated final production for June 2015 is 89,146,564 barrels of crude oil and 514,508,903 Mcf (thousand cubic feet) of gas well gas.
The Commission derives final production numbers by multiplying the preliminary June 2015 production totals of 73,017,089 barrels of crude oil and 441,600,638 Mcf of gas well gas by a production adjustment factor of 1.2209 for crude oil and 1.1651 for gas well gas. (These production totals do not include casinghead gas or condensate.)
Texas natural gas storage reported to the Commission for July 2015 was 394,945,674 Mcf compared to 264,339,543 Mcf in July 2014. The August 2015 gas storage estimate is 391,246,773 Mcf.
The Commission’s Oil and Gas Division set initial September 2015 natural gas production allowables for prorated fields in the state to meet market demand of 8,475,981 Mcf (thousand cubic feet). In setting the initial September 2015 allowables, the Commission used historical production figures from previous months, producers’ demand forecasts for the coming month, and adjusted the figures based on well capability. These initial allowables will be adjusted after actual production for September 2015 is reported.
About the Railroad Commission of Texas
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.