• Created: Mon 7th Jan 2013
• Erin

Texas Rig Count, Production & Storage
According to the Texas Railroad Commission, the Texas average rig count as of 13 February 2015 was 598, representing about 46 percent of all active land rigs in the United States according to Baker Hughes. The Railroad Commission reports that in the last 12 months, total Texas reported production was 901 million bbl of oil and 8.2 trillion cf of natural gas. The Commission’s estimated final production for December 2014 is over 83 million bbl of crude oil and over 500 million Mcf of gas well gas. (These production totals do not include casinghead gas or condensate.) Texas natural gas storage reported to the Commission for January 2015 was almost 330 million Mcf compared to about 265 million Mcf in January 2014. The February 2015 gas storage estimate is about 307 million Mcf. The Commission’s oil and gas division set initial March 2015 natural gas production allowables for prorated fields in the state to meet market demand of 8 million Mcf. In setting the initial March 2015 allowables, the Commission used historical production figures from previous months, producers’ demand forecasts for the coming month, and adjusted the figures based on well capability. These initial allowables will be adjusted after actual production for March 2015 is reported.