Crude oil price decreased from $106.07 per barrel in June 2014 to $98.23 per barrel in July 2014. Natural gas price went down from $4.39 per million BTU (one million BTU is approximately 974 cubic feet) in June 2014 to $3.78 per million BTU in July 2014.


Texas crude oil production for May 2014 was 66,235,787 barrels, down from 66,731,327 barrels reported in April 2014. Texas natural gas production was 617,988,757 Mcf (thousand cubic feet) of gas in May 2014, up from the April 2014 gas production total of 624,551,008 Mcf.