Oil in Lamb County
Lamb County produced 19,807 barrels of oil during July, 2015 for a seven month total of 171,029 barrels, according to figures released by the Railroad Commission of Texas recently.
2014 Production
Through seven months of 2014, it produced 205,170 barrels of oil compared to 191,075 barrels produced through the same period of time during 2013.
2015 Wells & Permits
As of September of 2015 Lamb County has just 113 oil wells of which 69 are regular producing wells, 9 are injection wells and the rest are shut-ins.
The Railroad Commission of Texas (Commission) issued a total of 906 original drilling permits in September 2015 compared to 3,013 in September 2014.
The September total included 795 permits to drill new oil or gas wells, six to re-enter plugged well bores and 105 for re-completions of existing well bores. The breakdown of well types for those permits issued in September 2015 included 202 oil, 77 gas, 582 oil or gas, 34 injection, zero service and 11 other permits.
2015 Completions
In September 2015, Commission staff processed 1,153 oil, 284 gas, 41 injection and six other completions compared to 2,048 oil, 328 gas, 109 injection and seven other completions in September 2014.
Total well completions for 2015 year to date are 16,149 down from 23,149 recorded during the same period in 2014. According to Baker Hughes Inc., the Texas rig count as of October 9 was 353, representing about 44 percent of all active rigs.