Texas Oil and Gas Production Statistics for December 2016

AUSTIN, Febuary 28, 2017 - Production for December 2016 as reported to the Railroad Commission of Texas (Commission) is 74,254,312 barrels of crude oil and 566,772,368 mcf (thousand cubic feet) of total gas from oil and gas wells. These preliminary figures are based on production volumes reported by operators and will be updated as late and corrected production reports are received. Production reported to the Commission for December 2015, was: 74,575,286 barrels of crude oil preliminarily, updated to a current figure of 88,322,097 barrels; and 625,413,983 mcf of total gas preliminarily, updated to a current figure of 720,113,879 mcf.

The Commission reports that from January 2016 to December 2016, total Texas reported production was 978 million barrels of crude oil and 8.0 trillion cubic feet of total gas. Crude oil production reported by the Commission is limited to oil produced from oil leases and does not include condensate, which is reported separately by the Commission.

Texas preliminary December 2016 crude oil production averaged 2,395,300 barrels daily, compared to the 2,405,654 barrels daily average of December 2015.

Texas preliminary December 2016 total gas production averaged 18,282,980 mcf a day, compared to the 20,174,645 mcf daily average of December 2015.

Texas production in December 2016 came from 169,564 oil wells and 92,685 gas wells.

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