Texas Crude Oil Production, Jan 2007-Jul 2012

by David Rachovich

 

 

Texas Field Production of Crude Oil, Jan 2007-Jul 2012 (thousand barrels per day)

 

 

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2007	1,057	1,078	1,080	1,082	1,072	1,058	1,058	1,063	1,069	1,071	1,083	1,087
2008	1,094	1,104	1,114	1,113	1,109	1,097	1,110	1,110	1,055	1,125	1,141	1,133
2009	1,132	1,125	1,118	1,110	1,088	1,071	1,062	1,066	1,080	1,080	1,100	1,089
2010	1,098	1,120	1,136	1,136	1,144	1,142	1,155	1,169	1,193	1,219	1,251	1,284
2011	1,291	1,234	1,342	1,354	1,401	1,407	1,438	1,485	1,531	1,590	1,650	1,681
2012	1,711	1,764	1,787	1,847	1,864	1,900	1,925	2,001

Source: U.S. Energy Information Administration (EIA), Sep 27, 2012. Update: EIA, Oct 30, 2012 for Aug 2012

(Texas crude oil production increased until 1972, when it peaked at 3.452 million barrels a day. Afterward, production declined rapidly, and in the early 2000s Texas crude oil output has fallen to less than one-third of its 1972 peak. Growing production from shale formations is helping fuel a renaissance in Texas crude. Texas produced 1.9 million barrels a day in June 2012, the highest monthly level since April 1991. Oil production in the Eagle Ford shale formation of southern Texas reached 310,370 barrels a day in July 2012, according to preliminary data from the Texas Railroad Commission. That�s up from a 120,532 barrels a day in July 2011---please see Bloomberg, Sept 21, 2012 -- D.R)