Texas Reports Record Oil Production Rate
HOUSTON (AP) - Texas has reported it produced oil at a record rate in September, more than doubling the rate of less than three years ago.
Totals compiled by the U.S. Energy Information Administration shows Texas produced crude oil at the rate of 2.7 million barrels per day during September. The Houston Chronicle reports that’s the highest average since federal officials began keeping monthly records in January 1981. It also marked a 30 percent increase over September 2012.
That still falls short of the record rate of 3.4 million barrels per day reported to the Texas Railroad Commission in 1972, when the state’s oil production peaked.
The Texas oil boom started in 2008, when new technology reversed decades of decline. Hydraulic fracturing and horizontal drilling renewed old fields and opened new ones.
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