News from the Oklahoma Corporation
Commission
Phone: (405)
521-4180, FAX: (405) 522-1623, m.skinner@occmail.occ.state.ok.us
OKLAHOMA OIL AND GAS PRODUCTION NUMBERS ARE MIXED IN LATEST REPORT**
(Oklahoma City) The latest Oklahoma Corporation
Commission report on oil and natural gas production in Oklahoma shows a jump in
oil production in Oklahoma from December 2002 to January 2003, but a decline in
natural gas production over the same time period.
January
03 oil production totaled 5,776,741 barrels, an increase of 539,529 barrels
over the (revised) December 02 production of 5,237,212 barrels.
January
03 gas production totaled 115,787,555 mcf (thousand cubic feet) in January, a
drop from the (revised) December 02 production of 127,087,139 mcf (thousand
cubic feet).
The
average price-per-barrel for Oklahoma oil in Jaunary 03 was $31.39 a barrel,
compared to the December 02 average price of 28.17 a barrel.
The
average price for Oklahoma gas in January 2003 was $4.56 mcf, compared to
$3.95 mcf for December 2002.
-occ-
All OCC
advisories and releases are available at www.occ.state.ok.us
**Please Note: All numbers
are subject to change, and should be used for
trend purposes only.
ATTACHED IS A CHART SHOWING
THE COUNTY-BY-COUNTY BREAKDOWN OF THE PRODUCTION NUMBERS. THE CHART IS ALSO
AVAILABLE IN PDF OR EXCEL FORMATS AT http://www.occ.state.ok.us/TEXT_FILES/o&gfiles.htm
FOR FURTHER INFORMATION ON
OIL AND GAS PRODUCTION IN OKLAHOMA, CALL LARRY CLAXTON, MANAGER -
STATISTICS/SURETY DEPARTMENT,
OIL AND
GAS DIVISION, OKLAHOMA CORPORATION COMMISSION (405) 521-2273.