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Get your kettle ready: 'Texas tea' production predicted to growGet your kettle ready: 'Texas tea' production predicted to growhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=212572018-10-16T05:00:00Z2018-10-16T15:00:00Z

​​HOUSTON – ​​Texas' crude oil production​ is projected to grow by 68,000 barrels a day next month, said the Department of Energy.

That growth will be led by the Permian Basin, which increased production faster than expected this month. It is projected to grow by nearly 40,000 barrels more th​an previously estimated. 

By the end of the month, the Permian is expected to produce nearly 3.5 million barrels a day. The Energy Department expects the shale's production to grow by an additional 53,000 barrels a day in November. 

Three major projects with a total crude capacity of more than two million barrels a day are under construction from West Texas to the Gulf Coast markets and export hubs. Completion is expected by early 2020.

Estimates of oil production in South Texas' Eagle Ford Shale for October were revised down by more than 25,000 barrels a day to 1.42 million. Oil production is expected to grow by 15,000 barrels a day in November. 

Drilled but uncompleted wells continue to increase across Texas. The Permian added 194 such wells from August to September, increasing the total number to 3,722. The Eagle Ford added 18 to its inventory, which totals 1,584 wells. 

Houston Chronicle
Texas
Industrial
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