Texas RRC Report, also The Seven Sisters

The Texas RRC has released their new monthly production report:
RRC Online System Oil & Gas Production Data Query

In the below chart I have posted last month’s data in order to show the revisions. The last data point for the April report is February, for the March report and the EIA data it is January. All data is in barrels per day.

Texas RRC

The revisions were considerable. I have charted the revisions in barrels per day in order to better show the magnitude.

Texas Revisions

Pertinent revisions go back to February 2012 which was revised upward by 1,145 bp/d. But of course the big revisions are in the most recent months with January revised up by 146,716 bp/d and progressively smaller after that. December was revised up by 86,856 bp/d.

I have come to the opinion that the EIA has their estimate pretty close. Perhaps a tad high but very close nevertheless.
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