 |
Louisiana Light • 3 days | 83.17 | +0.44 | +0.53% | ||
|
Bonny Light • 2 days | 83.46 | +0.46 | +0.55% | ||
|
Opec Basket • 3 days | 83.30 | +0.35 | +0.42% | ||
|
Mars US • 198 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 2 days | 2.574 | +0.036 | +1.43% |
|
Bonny Light • 2 days | 83.46 | +0.46 | +0.55% | ||
|
Girassol • 2 days | 84.84 | +0.60 | +0.71% | ||
|
Opec Basket • 3 days | 83.30 | +0.35 | +0.42% |
|
Peace Sour • 2 days | 71.94 | +0.58 | +0.81% | ||
|
Light Sour Blend • 2 days | 74.99 | +0.58 | +0.78% | ||
|
Syncrude Sweet Premium • 2 days | 81.94 | +0.58 | +0.71% | ||
|
Central Alberta • 2 days | 72.34 | +0.58 | +0.81% |
|
Eagle Ford • 3 days | 75.71 | +0.60 | +0.80% | ||
|
Oklahoma Sweet • 3 days | 75.75 | +0.75 | +1.00% | ||
|
Kansas Common • 3 days | 69.50 | +0.50 | +0.72% | ||
|
Buena Vista • 4 days | 83.26 | +0.61 | +0.74% |
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Texas Oil Production Shows Resilience In Light Of Low Oil Prices
The Texas RRC Oil & Gas Production Estimates are in. By now everyone should know that the Texas oil and gas data is incomplete and the drooping data lines will eventually look more like the EIA lines as the more and more data comes. The EIA data is only through May but all Texas Railroad Commission data is through June.
(Click to enlarge)
It appears that Texas C+C was flat to slightly up in June.
(Click to enlarge)
Dr. Dean Fantazzini has a program that attempts to correct for the incomplete data and give a pretty good estimate of what the final data will look like. He has April C+C down, May down also but only slightly so and has June Texas Crude+Condensate up slightly.
(Click to enlarge)
Texas crude only appears to have increased slightly.
Related: Supply, Demand Equilibrium Further Away Than Ever Before
(Click to enlarge)
Dean has crude only pretty much the same as C+C for April, May and June except tracking about half a million bpd lower.
(Click to enlarge)
Texas condensate appears to have declined slightly in June.
Related: Oil Prices Must Rebound. Here’s Why
(Click to enlarge)
Dean has condensate flat to slightly up in June.
(Click to enlarge)
Texas total gas increased slightly in June.
Related: Tianjin Disaster A Wake Up Call For Chinese Petrochemical Industry
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(Click to enlarge)
Dean has total gas up slightly also.
(Click to enlarge)
Texas gas well gas peaked way back in 2008 but appears to be holding its own now.
Texas associated gas, or what the RRC calls casinghead gas, has been responsible for keeping Texas total gas increasing. But production of associated gas seems to have hit a snag around September 2014 and has been slowing down since.
By Ron Patterson
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Ron Patterson
Ron Patterson is a retired computer engineer. He worked in Saudi Arabia for five years, two years at the Ghazlan Power Plant near Ras Tanura…
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