Texas Crude Oil Production, Jan 2007-Jul 2012

by David Rachovich

 

 

Texas Field Production of Crude Oil, Jan 2007-Jul 2012 (thousand barrels per day)

 

 

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2007	1,057	1,078	1,080	1,082	1,072	1,058	1,058	1,063	1,069	1,071	1,083	1,087
2008	1,094	1,104	1,114	1,113	1,109	1,097	1,110	1,110	1,055	1,125	1,141	1,133
2009	1,132	1,125	1,118	1,110	1,088	1,071	1,062	1,066	1,080	1,080	1,100	1,089
2010	1,098	1,120	1,136	1,136	1,144	1,142	1,155	1,169	1,193	1,219	1,251	1,284
2011	1,291	1,234	1,342	1,354	1,401	1,407	1,438	1,485	1,531	1,590	1,650	1,681
2012	1,711	1,764	1,787	1,847	1,864	1,900	1,925	2,001

Source: U.S. Energy Information Administration (EIA), Sep 27, 2012. Update: EIA, Oct 30, 2012 for Aug 2012

(Texas crude oil production increased until 1972, when it peaked at 3.452 million barrels a day. Afterward, production declined rapidly, and in the early 2000s Texas crude oil output has fallen to less than one-third of its 1972 peak. Growing production from shale formations is helping fuel a renaissance in Texas crude. Texas produced 1.9 million barrels a day in June 2012, the highest monthly level since April 1991. Oil production in the Eagle Ford shale formation of southern Texas reached 310,370 barrels a day in July 2012, according to preliminary data from the Texas Railroad Commission. That’s up from a 120,532 barrels a day in July 2011---please see Bloomberg, Sept 21, 2012 -- D.R)

 

World's 22 Largest Oil Consumers, 2007-2011 -- BP

by David Rachovich

Oil Consumption*  

Rank	Country	Year 2011 (thousand barrels per day)	Year 2010 (thousand barrels per day)	Year 2009 (thousand barrels per day)	Year 2008 (thousand barrels per day)	Year 2007 (thousand barrels per day)
1.	United States	18,835	19,180	18,771	19,498	20,680
2.	China**	10,121	9,612	8,546	8,230	8,141
3.	Japan	4,418	4,413	4,381	4,809	5,007
4.	India	3,473	3,332	3,267	3,068	2,835
5.	Russia	2,961	2,804	2,710	2,779	2,648
6.	Saudi Arabia	2,856	2,748	2,555	2,338	2,163
7.	Brazil	2,653	2,629	2,415	2,395	2,235
8.	South Korea	2,397	2,392	2,339	2,308	2,399
9.	Germany	2,362	2,445	2,409	2,502	2,380
10.	Canada	2,293	2,298	2,179	2,288	2,323
11.	Mexico	2,027	2,014	1,995	2,054	2,067
12.	Iran	1,824	1,887	1,923	1,906	1,843
13.	France	1,724	1,761	1,822	1,889	1,911
14.	United Kingdom	1,542	1,588	1,610	1,683	1,716
15.	Italy	1,486	1,532	1,563	1,661	1,740
16.	Indonesia	1,430	1,426	1,316	1,263	1,271
17.	Spain	1,392	1,447	1,475	1,559	1,616
18.	Singapore	1,192	1,154	1,067	990	941
19.	Thailand	1,080	1,052	1,042	1,004	1,023
20.	Netherlands	1,052	1,058	1,041	1,069	1,123
21.	Australia	1,003	956	931	936	925
22.	Taiwan	951	1,028	987	992	1,096
Total World		88,034	87,439	84,631	85,768	86,321
OECD		45,924	46,523	46,009	48,023	49,632
Non-OECD		42,111	40,917	38,623	37,745	36,689
EU		13,478	13,860	13,949	14,685	14,755

 

*Inland demand plus international aviation and marine bunkers and refinery fuel and loss.  Consumption of fuel ethanol and biodiesel is also included.

**Including Hong Kong. Hong Kong's consumption was 363,000 barrels per day in 2011, 361,000 b/d in 2010, 334,000 b/d in 2009, 293,000 b/d in 2008 and 324,000 b/d in 2007 (D.R.)

Source: BP Statistical Review of World Energy, June 2012