Texas Railroad Commission: Oil production reaches record output

Published on Saturday, 3 May 2014 23:28 - Written by From Staff Reports

The Texas Railroad Commission said oil production reached a record 2 million barrels a day statewide in February, a production level not seen in Texas since 1986.

Preliminary production numbers indicate statewide oil production was 2,002,070 barrels a day, which includes Permian Basin production of more than 1 million barrels a day, Commissioner Christi Craddick said..

“This is a milestone production level for Texas not seen in 28 years, and this is the direct result of conditions unique to Texas’ energy environment,” he said.  “The Railroad Commission’s leading regulatory structure and Texas’ stance on sensible business regulations that promote confidence in our economy among businesses have allowed for the environmentally responsible production at these immense levels that we are seeing today. Our state is blessed with vast mineral resources, and I am confident that the future will only continue to grow brighter.”

Texas is the largest oil producer in the nation, producing about 36 percent of the nation’s crude oil — three times more than any other state, according to the latest monthly figures from the U.S. Energy Information Administration.

“Texas must have the ability to continue to drive the nation toward energy independence,” Craddick said. “Now more than ever, we must stand strong against interfering policies directed to allow the federal government to be in control of our oil and gas industry.”