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GasBuddy News Article

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Eagle Ford Crude Oil Production Reaches Record High in February

Bloomberg -- Oil production in Texas’s Eagle Ford shale formation reached an all-time high in February as it climbed 74 percent compared with a year earlier.
The nine geographic fields that make up the majority of Eagle Ford yielded 471,258 barrels of crude a day in February, according to preliminary data released by the Texas Railroad Commission, which oversees oil and gas drilling in the state. In February 2012, the fields produced 271,521 barrels daily.
Commission production totals typically increase in subsequent months as the state receives revised, corrected or late reports. January output was revised to 462,160 barrels a day from the preliminary report of 373,303.
Production of condensates, or natural gas liquids, was 89,217 barrels a day in February, down from 117,789 a year earlier, as drill..


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Submitted Apr 23, 2013 By: 1studman
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REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Apr 30, 2013 7:34:24 AM

with the usual 3 months lag between pricing (sale) of crude and the pricing at the pump, does that mean we will see a LOWER price at the pump in the summer? That would definitely buck the traditional trend of high summer prices. Well, I won't hold my breath lol.
tomok
Champion Author Portland

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Message Posted: Apr 26, 2013 2:29:20 AM

Eagle Ford Crude Oil Production Reaches Record High in February. The more crude oil produced, more Big Oil profits are available. How long will this current US oil reserve last when Crude Oil Production Reaches Record High?
Take care of the domestic fuel market first and above all else before exporting and selling fuel or natural gas to other countries!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
eagle_scout
Champion Author St. Louis

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Message Posted: Apr 24, 2013 11:24:30 PM

Not feelin' it at the pump
nb52
Champion Author Grand Rapids

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Message Posted: Apr 24, 2013 6:37:11 AM

Good for Texas.
jrs4125
Champion Author Indiana

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Message Posted: Apr 24, 2013 4:42:16 AM

Alrighty then for now.
FuelishGuy
Champion Author Edmonton

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Message Posted: Apr 24, 2013 12:56:19 AM

Sometimes, I worry about the longevity of these new found fields. They are shallow and cost more to produce than those older "conventional" fields that are themselves drying up as well.

Are we merely accelerating the speed to peak oil?
billwho
Champion Author El Paso

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Message Posted: Apr 24, 2013 12:47:22 AM

HELLO OPEC - May want to print the article and pass it around to your other friends "the gougers". Wont be long now!!
Vette1967
Champion Author Albany

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Message Posted: Apr 24, 2013 12:39:13 AM

Are we going to export some of this to help keep gasoline prices high?
granitestater
Champion Author New Hampshire

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Message Posted: Apr 24, 2013 12:31:29 AM

Algore says we passed Peak Oil years ago. So these numbers must be fiction.
crreed1
Champion Author West Virginia

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Message Posted: Apr 24, 2013 12:18:47 AM

old news
wshokie12
Champion Author Winston-Salem

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Message Posted: Apr 24, 2013 12:16:02 AM

Old.
Tsunamiron
Champion Author Jacksonville

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Message Posted: Apr 24, 2013 12:13:35 AM

Doesn't seem to be saving me any money at the pump.
Tigercat88
Champion Author North Carolina

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Message Posted: Apr 24, 2013 12:08:27 AM

More money for the state and the people.
BALRSTATUS
Champion Author Grand Rapids

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Message Posted: Apr 24, 2013 12:07:22 AM

nice
Beau2140
Champion Author New York

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Message Posted: Apr 24, 2013 12:06:55 AM

Good.
joel27nc
Champion Author Raleigh

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Message Posted: Apr 24, 2013 12:06:51 AM

Is it all being exported?
rahcat
Champion Author Grand Rapids

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Message Posted: Apr 24, 2013 12:05:51 AM

I'm sure the Obama regime has a big frown on it's face.
Ready Eddie
Champion Author Twin Cities

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Message Posted: Apr 24, 2013 12:05:43 AM

Pump it
boatfloyd
Champion Author Jacksonville

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Message Posted: Apr 24, 2013 12:05:32 AM

Drill Baby Drill!!!!!!!!!!!!!
shopnshop
Champion Author Dallas

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Message Posted: Apr 24, 2013 12:05:11 AM

see how it goes
yyc2yow
Champion Author Ottawa

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Message Posted: Apr 24, 2013 12:03:47 AM

so price should go down
obimerrill
Champion Author Cincinnati

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Message Posted: Apr 24, 2013 12:03:38 AM

Hope prices fall again as a result!
Rageagainsttm
Champion Author Tampa

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Message Posted: Apr 24, 2013 12:03:34 AM

Thats cool.
SiouxFallsCheck
All-Star Author Sioux Falls

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Joined:Mar 2013
Message Posted: Apr 24, 2013 12:03:33 AM

ok
Jamezilla
Rookie Author Virginia Beach

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Points:473,220
Joined:May 2012
Message Posted: Apr 24, 2013 12:03:22 AM

assuming we can CONSUME that much oil as it comes out of the ground... LOOK at how much oil we consume!
I can't even do 462K things in a day, which includes heartbeats... no really count them. 104,000 a day. Add breaths and blinks and it jumps to an astounding 112K. The republic of jamezilla can't ever in a lifetime produce more than 400K barrels of any combinations of fluids in a 60-75 year lifespan.
DeeLA
Champion Author Los Angeles

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Message Posted: Apr 24, 2013 12:03:09 AM

Good News. Maybe this will help pump prices keep falling.
Topless2012
Champion Author Twin Cities

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Message Posted: Apr 24, 2013 12:02:11 AM

Cool
gasmack
Champion Author Ventura

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Message Posted: Apr 23, 2013 11:56:49 PM

On its way to being a MONSTER!
Alaydown
Champion Author Los Angeles

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Message Posted: Apr 23, 2013 11:55:20 PM

Drill baby, drill! We have to do it on private and state land because Obama has obstructed drilling on federal land and water since he took office.
checkitnow
Champion Author Atlanta

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Message Posted: Apr 23, 2013 11:53:39 PM

more domestic supply is the answer
TopGunn
Champion Author Baltimore

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Message Posted: Apr 23, 2013 11:53:11 PM

Okay
veemotors
Champion Author Alberta

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Message Posted: Apr 23, 2013 11:51:59 PM

well, good luck.
Buddy2264
Champion Author Tampa

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Message Posted: Apr 23, 2013 11:46:13 PM

They want us to believe we can be independent on our own oil. Maybe with reduction in use it can happens for now. More are switching to natural gas.
bvrbill
Champion Author Eugene

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Message Posted: Apr 23, 2013 11:44:18 PM

Good for Texas. Hopefully we can keep the oil in America.
skybiker
Champion Author South Carolina

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Message Posted: Apr 23, 2013 11:42:14 PM

Drill Baby Drill!!
dmvs
Champion Author Omaha

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Message Posted: Apr 23, 2013 11:38:47 PM

And it'll be sold it to the highest bidder.
hamdriver
Champion Author Lansing

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Message Posted: Apr 23, 2013 11:37:52 PM

Good
Mowerman08
Champion Author Milwaukee

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Message Posted: Apr 23, 2013 11:36:34 PM

the railroad commission
wayoung56
Champion Author Alabama

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Message Posted: Apr 23, 2013 11:33:41 PM

Interesting...
SpankyMI
Champion Author Kalamazoo

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Message Posted: Apr 23, 2013 11:32:17 PM

Good, more is better.
Focus2
Champion Author Illinois

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Message Posted: Apr 23, 2013 11:31:22 PM

So they are moving away from less profitable gas, probably still flaring it off as a waste product. We could be using natural gas for transportation, but that would be bad for the oil and gasoline industry. Seems our government won't make a move in that direction, but hold us hostage to mandates that are profitable for the refining business to use ethanol.
REKEY
Champion Author South Carolina

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Message Posted: Apr 23, 2013 11:29:38 PM

Where is the refinery?
livewire300
Champion Author South Carolina

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Message Posted: Apr 23, 2013 11:28:49 PM

Bla, bla...
idigau22
Champion Author Washington

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Message Posted: Apr 23, 2013 11:26:46 PM

The oil goes to the highest bidder!
ejl2000
Champion Author New Jersey

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Message Posted: Apr 23, 2013 11:21:11 PM

does not matter!!!!! Summer is coming and gas prices will soar higher!!
LuckyLou1
Champion Author Colorado

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Message Posted: Apr 23, 2013 11:21:11 PM

We need more of it keep it coming
JasTheAce
Champion Author Raleigh

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Message Posted: Apr 23, 2013 11:20:06 PM

nice
mstearno
Champion Author Dayton

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Message Posted: Apr 23, 2013 11:16:24 PM

drives NOBAMA nuts i'm sure
medic319
All-Star Author Akron

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Message Posted: Apr 23, 2013 11:15:07 PM

Go Texas! Help the USA end it's reliance on foreign oil!
floridakeys
Champion Author Columbus

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Message Posted: Apr 23, 2013 11:13:40 PM

WHO Hoo! Way to go Texas, production is a good thing now get it refined and product to market.
YodaON
Champion Author Ottawa

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Message Posted: Apr 23, 2013 11:13:11 PM

keeps prices lower
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