News from the Oklahoma Corporation Commission

FOR IMMEDIATE RELEASE

Contact: Patrick K. Petree

Reference: O&G21500-11

OKLAHOMA CITY – Oklahoma produced 5,601,276 barrels of oil and 74.1 billion cubic feet of natural gas in November, preliminary figures compiled by the Oklahoma Corporation Commission indicate.

Oil production of 64,379,938 barrels through November was down 11.12 percent from production during the first 11 months of 1998. Gas production of 1.3 trillion cubic feet was 11.24 percent below production during the first 11 months of 1998, according to the preliminary figures.

Larry Claxton, Corporation Commission statistics manager, said the preliminary figures are subject to revision as late production reports are filed with the state Tax Commission.

The average price paid for Oklahoma oil in November was $23.73, compared to an average price of $17.33 for the first 11 months of 1999. The average price for Oklahoma gas in November was $2.79 per thousand cubic feet. The average price for the first 11 months was $2.07.

Preliminary figures indicate that the top 10 oil-producing counties in November were Carter, 660,892 barrels; Stephens, 471,463 barrels; Grady, 346,149 barrels; Osage, 314,351 barrels; Texas, 305,613 barrels; Garvin, 297,411 barrels; Lincoln, 224,005 barrels; Caddo, 203,762 barrels; Creek, 201,000 barrels; and Pontotoc, 199,528 barrels.

The top 10 gas-producing counties were Latimer, 7.518 billion cubic feet (bcf); Grady, 6.630 bcf; Roger Mills, 6.009 bcf; Washita, 4.898 bcf; Caddo, 4.391 bcf; Texas, 4.342 bcf; Beckham, 3.525 bcf; Pittsburg, 3.460 bcf; Custer, 2.785 bcf; and Stephens, 2.523 bcf.

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