June crude oil production averaged 2,428,546 barrels daily, compared to the 2,433,903 barrels daily average of June 2015 AUSTIN – Production for June 2016 as reported to the Railroad Commission of Texas is 72,856,376 barrels of crude oil and 604,263,761 mcf of total gas from oil and gas wells. These preliminary figures are based on […]
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Texas May production came from 185,190 oil wells and 93,622 gas wells AUSTIN – Production for May reported by Railroad Commission of Texas is 73,131,246 barrels of crude oil and 600,746,804 mcf of total gas from oil and gas wells. The preliminary figures are based on production volumes reported by operators and will be updated as late
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China’s crude oil imports between Jan. and May surged 15.7% to 7.62 million b/d, surpassing growth of 8.8% seen in 2015 China’s apparent oil demand contracted by 2.7 per cent in May from a year earlier to 10.88 million b/d, according to an analysis of government data by S&P Global Platts. Refinery throughput in May averaged 10.46 million
China oil demand fell 2.7% (year over year) in May – Platts Read More »
Texas rig count as of July 8 was 201, representing 46% of active rigs in the US AUSTIN– The Railroad Commission of Texas issued a total of 656 original drilling permits in June compared to 851 in June 2015. The June total included 506 permits to drill new oil or gas wells, four to re-enter
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The Texas rig count as of June 3 was 176, representing about 43% active rigs in the US AUSTIN –– The Railroad Commission of Texas (Commission) issued a total of 606 original drilling permits in May 2016 compared to 916 in May 2015. The May total included 488 permits to drill new oil or gas wells,
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Texas March 2016 crude oil production averaged 2,506,539 b/d, compared to 2,309,237 b/d of March 2015 AUSTIN, Texas – As American crude oil production drops in response to low prices and declining exploration, Texas bucked the trend by increasing March output compared to a year ago. Production for March 2016 as reported to the Railroad Commission
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Texas production in Feb. 2016 came from 184,117 oil wells and 89,379 gas wells AUSTIN –– Production for Feb. 2016 as reported by the Railroad Commission of Texas is 70,251,961 barrels of crude oil and 580,784,700 mcf of total gas from oil and gas wells. These preliminary figures are based on production volumes reported by operators
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Crude oil stocks at highest inventory level for Dec. since 1930 Total petroleum deliveries, a measure of consumer demand, in Dec. rose by 1.1 per cent from Dec. 2014 to average nearly 19.7 million barrels per day, according to API’s Monthly Statistical Report for Dec. 2015. These were the highest Dec. deliveries in five years. “Low
Demand for petroleum rose in Dec., highest in 5 years – API Read More »
Texas Nov. 2015 crude oil production up: 2,365,640 b/d compared to 2,255,356 b/d of Nov. 2014 Oil prices may be down, but Texas production is up for Nov. 2015 compared to the year before, according to new statistics from the Railroad Commission of Texas. Production for Nov. 2015 is 70,969,209 barrels of crude oil and 596,523,139 Mcf (thousand cubic
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Texas rig count as of Dec. 4 was 333, about 45% of all active rigs in United States – Baker Hughes AUSTIN, Texas – The Railroad Commission of Texas (Commission) issued a total of 687 original drilling permits in Nov. 2015 compared to 1,508 in Nov. 2014. The Nov. total included 584 drilling permits to
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