Texas crude oil and natural gas production posted double-digit percentage losses year/year in October as the state continued to grapple with weakened demand and a soft price environment, according to the Railroad Commission of Texas (RRC).

Texas rig count

The average daily production of natural gas in Texas declined by more than 16% year/year in October, while crude oil production fell nearly 22%, the RRC said. In the state’s oil and gas production statistics released Monday, the RRC said the average daily production of natural gas in Texas this October was down 4,906,183 Mcf from October 2019 to 24,931,866 Mcf. The average daily production of crude oil fell by 978,863 bbl year/year in October to 3,553,579 bbl.

Natural gas and crude oil production as reported to the RRC for October came from...