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May 03, 2012

Texas Oil Production increased 50,000 barrels per day from January to February

Texas field production of crude oil is at 1.72 million barrels of crude oil per day in February, 2012 and was 1.67 million barrels of oil per day in January, 2012. Texas oil production is up 470,000 barrels of oil per day compared to Feb, 2011.

There are projections for Texas oil production to get over 2 million barrels per day (based on the Texas railway commission definitions). The Texas commissioner in charge of their oil industry is saying that 4 million barrels per day of oil production in Texas is feasible by 2016.

I could paint a scenario for you where we are producing 3 million more barrels per day by 2016, which would almost get us to the point where we could eliminate 60 to 70 percent of our OPEC imports,” said Texas Railroad Commissioner Barry Smitherman. “With that greater control over our own energy security , we could care less about what happens in the Strait of Hormuz” — the narrow mouth of the Persian Gulf that serves as a seaway for 22 percent of the world’s oil supply.







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