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Texas oil production down year-on-year

Staff Writer | May 26, 2017
Preliminary data for March show total crude oil production from Texas was up slightly from the previous month, but lower year-on-year.
Texas oil production
Oil exploration   The Railroad Commission of Texas:
The Railroad Commission of Texas, the state energy regulator, reported a preliminary volume of crude oil and condensate, an ultra-light form of oil found in some shale deposits, of 86,676,002 barrels for March.

That's up nearly 2 percent, or 1.5 million barrels, from the previous month. Year-on-year output, however, is lower based on preliminary data.

"Texas preliminary March 2017 crude oil production averaged 2,492,349 barrels daily, compared to the 2,506,539 barrels daily average of March 2016," the commission stated.

The rate of change between February and March is consistent with historical trends, with March levels turning out higher than the previous month since at least 2011.

Total oil and condensate production last year increased 5.3 percent from February to March, while preliminary data for March 2017 would indicate an increase of 1.8 percent.

Production in February came from 169,008 wells, while March output came from 177,719 wells.