Breitling Oil and Gas Texas Morning Podcast #270

Texas oil production saw a 25% increase last year compared with 2011 production, while gas production rose by just over 1% over the same period, according to a report released by the Texas Independent Producers and Royalty Owners Association.

Texas was the top gas producing state in 2012, with an output of more 8 Tcf, up 102 Bcf from the previous year. he report also found that Texas led the US in crude oil production 2012 with a total production of 717 million barrels, an increase of 185 million barrels compared with 2011. Its clear that ongoing innovation and advancements in horizontal drilling and hydraulic fracturing have been the drivers for a remarkable increase in the production of oil and gas from unconventional shale plays across the nation.

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