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Texas gas production slid in January while oil production climbed

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Essential Energy Insights - January 2021


Texas gas production slid in January while oil production climbed

Preliminaryproduction statistics from the Railroad Commission of Texas for January weremixed, with oil production increasing over December 2015 while gas productionfell off considerably. Both totals, however, were ahead of the equivalentpreliminary totals from January 2015.

Texaswells produced just less than 613 Bcf of natural gas during January, the state'soil and gas regulator reported on a preliminary basis. That daily average of 19.8Bcf/d was down from December 2015's preliminary estimated total of 20.2 Bcf/d.Still, the most recent figure was higher than originally reported in January2015, when the Railroad Commission revealed a preliminary total of less than608 Bcf for the month. The figure was later updated to 733 Bcf.

TheRailroad Commission also said the state produced about 76 million barrels ofcrude oil in January, or 2.5 million barrels per day. That topped December 2015'spreliminary total of 74.6 MMbbl, or 2.4 MMbbl/d. It also easily beat January2015's preliminary total of 69 MMbbl, which was later updated to 88.8 MMbbl.

WebbCounty, in the Eagle Ford Shale of south Texas, was the state's largest naturalgas producer in January, with a preliminary total of approximately 59 Bcf. Thateasily surpassed longtime production leader Tarrant County, in north Texas'Barnett Shale, which saw production taper off to less than 45 Bcf for the month.

KarnesCounty, also in the Eagle Ford, was the state's largest oil producer with 6.3MMbbl in January.

TheRailroad Commission also said that over the past 12 months, total Texasreported production was about 1 Bbbl of crude oil and 8.3 Tcf of natural gas.