Texas oil drilling falls in June, production still rising

TEXAS – Drilling activity for the state fell in June 2014 compared with the previous year, according to data released by the Texas Railroad Commission.

The state’s oil and gas regulator reported 1,739 new oil wells were drilled in June, a 5 percent drop from a year ago.

Although drilling slowed, oil production continues to grow with average May 2014 production of 2.1 million barrels a day, up from 1.7 million in June 2013.

Almost 618 million Mcf of natural gas was produced in May 2014, an 11 percent increase over the last 12 months.