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Texas Oil Production Surges to Record

Texas Oil Production Surges to Record

  New figures from the U.S. Energy Information Center shows Texas oil production hit a new record high in September, as, led by the Eagle Ford south of San Antonio, the state extracted 2.7 million barrels a day, 1200 WOAI news reports.

 

  Not only is that a new record, but is shows that Texas oil output has more than doubled in just the last three years.

 

  "This production surge has to be one of the most significant increases in oil output ever," analyst Mark Perry told the energy web site 'fuel fix dot com.' 

 

 Perry called the rise in oil output 'phenomenal' and 'meteoric.'

 

  It is the highest daily output from Texas since the feds began keeping records in January of 1981, and marks an amazing 30% increase in Texas oil production just in the past year.

 

  The oil boom of the 1970s, which is the benchmark in Texas, peaked at about 3.4 million barrels per day, a figure that analysts think the state has the ability to break as early as next year, due largely to the discovery of new fields of tight oil in south Texas and the Permian Basin.

 

  Texas currently produces 35% of all the oil produced in the United States, including the North Slope of Alaska.

 

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