News from the Oklahoma Corporation
Commission
Phone: (405)
521-4180, FAX: (405) 522-1623, m.skinner@occmail.occ.state.ok.us
REPORT ON OKLAHOMA OIL AND GAS PRODUCTION SHOWS CONTINUED DROP**
(Oklahoma City) The latest Oklahoma Corporation
Commission report on oil and natural gas production in Oklahoma shows that oil
and gas production continued its decline from June to July of 2003.
July
2003 oil production totaled 5,247,542 barrels, a decrease of 72,404 barrels
from the June (revised) production of 5,319,946 barrels.
July
2003 gas production totaled 97,081,576 mcf (thousand cubic feet), a drop of
22,432,199 mcf from the June 2003 (revised) production total of 119,513,775 mcf
(thousand cubic feet).
The
average price for Oklahoma oil in July 2003 was 29.88 a barrel, compared to the
June 2003 (revised) average price of
$29.42 a barrel.
The
average price for Oklahoma gas in July 2003 was $4.83 mcf, compared to
$5.15 mcf for June 2003
(revised).
The
total oil production from January to July 2003 was 37,915,918 barrels, compared
to 38,894,713 for the same time period in 2002. The average price-per-barrel
for the period January 03 to July 03 was $30.39. For the same time period in
2002, the average price was $18.21.
The
total gas production from January to July 2003 was 811,308,499 mcf (thousand
cubic feet), compared to 914,782,139 mcf (thousand cubic feet) for the same
time period in 2002. However, the
average price for natural gas for January 03 to July 03 is markedly higher than
for the same period a year before. The average natural gas price for January 03
– July 03
was
$5.15 per-mcf. For the same time period in 2002, the average price was
$2.64.
-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.
A CHART SHOWING THE
COUNTY-BY-COUNTY BREAKDOWN OF THE PRODUCTION NUMBERS IS 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.