) The Texas Railroad Commission (RRC) had the oil and gas production reported online in early 2005, and became fully online for producers and the public on Feb 14, 2005. At the time it was set up, it required the producers to input their production in the production file for existing approved leases, and in the pending lease data file for those leases which have not yet received an approved lease number by the RRC. Each month, the RRC only reports the oil and condensate that is currently updated that month which is in the production file. Historically, the production did not seem to be completely reported. The lag time to near full reporting of RRC production went from almost 18 months, down to about nine months within the past two years. Even at […]