RRC Production Statistics and Allowables for September 2013

AUSTIN –– The Texas average rig count as of Aug. 16 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 June 2013 is 61,223,793 barrels of crude oil and 550,781,218 Mcf (thousand cubic feet) of gas well gas.

The Commission derives final production numbers by multiplying the preliminary June 2013 production totals of 50,340,234 barrels of crude oil and 448,921,035 Mcf of gas well gas by a production adjustment factor of 1.2162 for crude oil and 1.2269 for gas well gas. (These production totals do not include casinghead gas or condensate.)

Texas natural gas storage reported to the Commission for July was 386,691,560 Mcf compared to 387,606,074 Mcf in July 2012. The August 2013 gas storage estimate is 384,693,645 Mcf.

The Texas Railroad Commission’s Oil and Gas Division set initial September 2013 natural gas production allowables for prorated fields in the state to meet market demand of 8,071,578 Mcf (thousand cubic feet). In setting the initial September 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 September 2013 is reported.