Texas oil production slightly lowerStaff Writer | September 26, 2017
Crude oil production reported to the state energy regulator in Texas for July was slightly lower than last year, preliminary data show.
Oil exploration The Railroad Commission of Texas
The Railroad Commission of Texas, the state's energy regulator, reported total crude oil production from August 2016 to July 2017 at nearly 1 billion barrels.
For July, the commission said crude oil production averaged 2.43 million bpd, about 6,000 bpd shy of the level from July last year. Commission data don't show production per basin or explain variances.
A drilling productivity report from the U.S. Energy Information Administration show production from the Permian basin, the most prolific in terms of production and the largest by Texas acreage, at 2.4 million bpd, though that level would technically include output from the portion in New Mexico.
The same productivity report, dated July 17, show new oil produced per rig in the Permian shale is on the decline.
A report dated August 14 show the number of wells drilled, but not completed, in the Permian basin increased 6 percent between June and July. ■