Texas Petroleum: The Unconventional History by Mike Cox - HTML preview

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2014 INDUSTRY STATISTICS AT A GLANCE

Source: Texas Railroad Commission, May 2014.

APRIL PERMITS TO DRILL

The Commission issued a total of 1,919 original drilling permits in April 2014 compared to 1,996 in April 2013. The March total included 1,742 permits to drill new oil and gas wells, 40 to re-enter existing well bores, and 137 for re-completions. Permits issued in April 2014 included 579 oil, 89 gas, 1,149 oil and gas, 76 injection, two service and 24 other permits.

MARCH CRUDE OIL PRODUCTION

Texas preliminary March 2014 crude oil production averaged 2,014,480 barrels daily, up from the 1,615,735 barrels daily average of March 2013.

The preliminary Texas crude oil production figure for March 2014 is 62,448,869 barrels, up from 50,087,788 barrels reported during March 2013.

APRIL OIL AND GAS COMPLETIONS

In April 2014, operators reported 1,012 oil, 92 gas, 21 injection and four other completions compared to 1,894 oil, 505 gas, 88 injection and seven other completions in April 2013.

Total well completions for 2014 year to date are 11,259 up from 7,449 recorded during the same period in 2013.

Operators reported 350 holes plugged and zero dry holes in April 2014 compared to 69 holes plugged and zero dry holes in April 2013.

MARCH NATURAL GAS PRODUCTION

exas oil and gas wells produced 593,191,901 Mcf (thousand cubic feet) of gas based upon preliminary production figures for March 2014 up from the March 2013 preliminary gas production total of 570,315,687 Mcf. Texas preliminary March total gas production averaged 19,135,223 Mcf (thousand cubic feet) a day.

Texas production in March 2014 came from 165,182 oil wells and 90,883 gas wells.

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