Saturday, January 25, 2014 7:18:58 AM
Below you will find the link to the Texas Railroad Commision which regulates the oil and gas production in the state of Texas.
When you open the link go to the bottom of page and click on " Production Report" link.
Go to the middle box and click on the oil and gas, input the operator # 877448 and choose month and year. The oil and gas production numbers are listed and you can see the increase in BOE.
I added the numbers and the below info. is what i calculated for year 2012 compared to 2013
2012 Total production is 6435 Barrels
2013 Total production is 11319 + Dec barrels
December production has not been updated, so i will make a conservative estimate of 800 barrels.
so i put 12119 barrels for the year 2013
12119 x 94.0 per barrel = 1,128,000
as you can see UAPC has almost doubled their production from 2012 to 2013 and i suspect there will be an increase in 2014
this is total production, this is devided to lease holders, royalty interest etc
the re-work of certain leases was completed near June of 2013 and should continue to produce a significant increase in production into 2014.
http://webapps.rrc.state.tx.us/PDQ/home.do
GLTA
my post are not for investment purposes..do not invest or trade on anything i post
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