Texas oil production rate breaks record in September

Texas oil production rate breaks record in September The U.S. Energy Information Administration said Texas had a record-breaking oil production rate in September with 2.7 million barrels per day, up 30 percent year-over-year, The Associated Press reported.

The oil and gas industry has made huge strides with booming production in Texas fields such as the Eagle Ford shale and the Permian Basin. The Permian remains as the leader out of all the U.S. oil producing regions, according to the EIA's latest drilling productivity report. Oil production in Texas is more than double what it was three years ago and the September rate is the highest average recorded since federal recordkeeping began in January 1981.

Mark Perry, an economist at the University of Michigan, said oil production in Texas has risen more than 25 percent year-over-year for 25 consecutive months, according to the AP.

"Output in America's No. 1 oil-producing state — Texas — continues its phenomenal, meteoric rise," Perry wrote, according to the AP. "That production surge has to be one of the most significant increases in oil output ever recorded in the U.S. over such a short period of time."

More information on U.S. oil production can be found on PennEnergy's research area.

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