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August 02, 2012

Texas oil production at 1.834 million barrels per day

Texas field production of crude oil is at 1.834 million barrels of oil per day in May, 2012. Texas production is at oil production levels last seen in 1991.

There is a difference in how the EIA is calculating Texas field production versus the Texas railway commission tracking of crude oil production. The Texas railway commission does not count natural gas liquids.




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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