Total oil and natural gas production per day has rolled over and started to decline in Texas, according to data recently released by the Texas Railroad Commission.
Total oil production for August 2016 was 84.8 MMbls, a six percent decrease from July production at 90 MMbls and an 18% decrease from August 2015 levels of 103.9 MMbls.
Gas followed a similar trend, declining seven percent from July production at 654.3 Mcf and 19% from August 2015 levels of 746.3 Mcf.
Total oil production includes crude oil and condensate production and total natural gas production includes gas well gas and casing head gas. This data is preliminary and is subject to changes for about six to eight months due to the filing of corrected and late reports by the industry. The Commission anticipates that production totals following that period are substantially complete.
