News from the Oklahoma Corporation Commission

FOR IMMEDIATE RELEASE Contact: Patrick K. Petree Reference: O&G61099-38

OKLAHOMA CITY – Oklahoma oil production climbed to 6,151,456 barrels in March, the second consecutive month of increased output, preliminary figures compiled by the Corporation Commission indicate.

March production was 17.8 percent higher than the 5,221,280 barrels produced in February, which had been 6.5 percent higher than the 4,894,883 barrels produced in January.

However, 1999 first-quarter production of 16,713,371 barrels was 15.7 percent below 1998 first-quarter production of 19,843,313 barrels.

The preliminary figures are based on production reports filed with the Oklahoma Tax Commission. They are subject to change as late reports are filed.

Gas production in March was reported at 113.1 billion cubic feet. Production had been reported at 116.1 billion cubic feet in January and 92.7 billion cubic feet in February. The fluctuations could have been caused by delays in filing February production reports, Larry Claxton, statistics manager, said.

First-quarter 1999 gas production was 351.4 billion cubic feet, down 17.1 percent from first-quarter production of 423.7 billion cubic feet in 1998.

The top ten oil-producing counties in March were Carter, 708,164 barrels; Stephens, 566,290 barrels; Grady, 462,929 barrels; Texas, 321,673 barrels; Osage, 315,765 barrels; Garvin, 303,360 barrels; Creek, 212,525 barrels; Caddo, 210,126 barrels; Pontotoc, 202,604 barrels; Lincoln, 198,344 barrels.

The top ten gas-producing counties were Roger Mills, 9.639 billion cubic feet (bcf); Latimer, 9.529 bcf; Texas, 9.097 bcf; Grady, 8.344 bcf; Custer, 5.717 bcf; Caddo, 5.551 bcf; Pittsburg, 4.738 bcf; Beckham, 4.414 bcf; Beaver, 4.364 bcf; Washita, 3.981 bcf.

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