RRC PRODUCTION STATISTICS AND ALLOWABLES RRC PRODUCTION STATISTICS AND ALLOWABLES

11/29/2011

AUSTIN –– The Texas average rig count as of Nov. 18 was 911, representing about 47 percent of all active land rigs in the United States. In the last 12 months, total Texas reported production was 378 million barrels of oil and 7.1 trillion cubic feet of natural gas.

The Commission’s estimated final production for September 2011 is 32,838,310 barrels of crude oil and 510,051,262 Mcf (thousand cubic feet) of gas well gas.

The Commission derives final production numbers by multiplying the preliminary September 2011 production totals of 30,330,018 barrels of crude oil and 452,413,750 Mcf of gas well gas by a production adjustment factor of 1.0827 for crude oil and 1.1274 for gas well gas. (These production totals do not include casinghead gas or condensate.)

Texas natural gas storage reported to the Commission for October 2011 was 434,964,586 Mcf compared to 455,184,728 Mcf in October 2010. The November 2011 gas storage estimate is 443,522,584 Mcf.

The Texas Railroad Commission’s Oil and Gas Division set initial December 2011 natural gas production allowables for prorated fields in the state to meet market demand of 10,216,645 Mcf (thousand cubic feet). In setting the initial December 2011 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 December 2011 is reported.


 

 

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