RRC Production Statistics and Allowables for July 2013

AUSTIN –– The Texas average rig count as of June 14 was 837, representing about 49 percent of all active land rigs in the United States. In the last 12 months, total Texas reported production was 583 million barrels of oil and 7.4 trillion cubic feet of natural gas.

The Commission’s estimated final production for April 2013 is 57,335,604 barrels of crude oil and 505,142,904 MCF (thousand cubic feet) of gas well gas.

The Commission derives final production numbers by multiplying the preliminary April 2013 production totals of 48,221,702 barrels of crude oil and 428,377,632 MCF of gas well gas by a production adjustment factor of 1.1890 for crude oil and 1.1792 for gas well gas. (These production totals do not include casinghead gas or condensate.)

Texas natural gas storage reported to the Commission for May was 356,879,249 Mcf compared to 395,143,999 Mcf in May 2012. The June 2013 gas storage estimate is 371,225,633 Mcf.

The Texas Railroad Commission’s Oil and Gas Division set initial July 2013 natural gas production allowables for prorated fields in the state to meet market demand of 8,341,220 MCF (thousand cubic feet). In setting the initial July 2013 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 July 2013 is reported.