September was a good month for oil and gas production.
Mineral Resource Director Lynn Helms says oil production was up four-and-a-half percent and gas was up four-percent.
As for the revenue from oil and gas taxes, as well as oil prices, Helms says they are well-above the Legislature’s revenue forecast – and that means state government, as well as local governments, will benefit from the extra cash.
Oil production was just under 1.3 million barrels per day in September.
NDPPR/KNOX
Gas capture remains at 95 percent, but Helms says that was also a record volume captured.
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