Production Statistics and Allowables for November 2013
AUSTIN, November 15, 2013 - The Texas average rig count as of October 18 was 812, 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 August 2013 is 67,254,590 barrels of crude oil and 609,202,589 Mcf (thousand cubic feet) of gas well gas.
The Commission derives final production numbers by multiplying the preliminary August 2013 production totals of 55,683,549 barrels of crude oil and 489,949,002 Mcf of gas well gas by a production adjustment factor of 1.2078 for crude oil and 1.2434 for gas well gas. (These production totals do not include casinghead gas or condensate.)
Texas natural gas storage reported to the Commission for September was 416,276,765 Mcf compared to 424,289,370 Mcf in September 2012. The October 2013 gas storage estimate is 432,384,362 Mcf.
The Texas Railroad Commission’s Oil and Gas Division set initial November 2013 natural gas production allowables for prorated fields in the state to meet market demand of 7,712,764 Mcf (thousand cubic feet). In setting the initial November 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 November 2013 is reported.