Texas Update- November 2016

Edit 12/2/2016, 8:30 AM EST. A corrected chart for correction factors below and a new chart added.

Texaschart/

The railroad commission of Texas released September output data a few weeks ago and Dean Fantazzini made an estimate of the “corrected” data for crude plus condensate (C+C) and natural gas. Last month he found there had been a structural change in the data in March and provided a new estimate using only the most recent 3 months of data, I chose to use the most recent 6 months of data instead.

This month I will present the old estimate (labelled “all”) using all vintage data (dating back to April 2014) as well as the 6 month and 3 month estimate, which use the most recent 6 months and 3 months of data respectively. Read More