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AUG 2015Posted by Dwight Steward, Ph.D. | Industry
Crude oil prices increased from $59.62 per barrel in April 2015 to $60.25 per barrel in May 2015. Natural gas prices also increased from $2.56 per million BTU in April 2015 to $2.78 per million BTU in May 2015.
Texas crude oil production for May 2015 was 75,309,757 barrels, down from 77,472,269 barrels reported in April 2015. Texas natural gas production was 639,101,169 Mcf (thousand cubic feet) of gas in May 2015, down from the April 2015 natural gas production total of 661,025,675 Mcf.
Source: EIA, Texas RRC