Texas oil production in February increased slightly from last year

28 Apr 2017   Shale Oil, USA

Preliminary data from Texas show total crude oil production for February was slightly more than figures from the same time last year, a regulator reported. The Railroad Commission of Texas, the state energy regulator, reported a preliminary crude oil production volume of 70.3 million barrels for February, against the preliminary output of 70.2 million barrels in February 2016. Oil production figures from the commission don’t include condensate, an ultra-light form of oil found in some shale deposits, and last February’s preliminary data was updated to 82.7 million barrels. Texas is the No. 1 oil producer in the United States and home to shale basins seen as more resilient to the relative low price for crude oil than elsewhere […]

Comments are closed.