Crude oil price decreased from $98.23 per barrel in July 2014 to $97.86 per barrel in August 2014. Natural gas price went up from $3.78 per million BTU (one million BTU is approximately 974 cubic feet) in July 2014 to $4.04 per million BTU in August 2014.


Texas crude oil production for July 2014 was 69,573,013 barrels, down from 70,108,403 barrels reported in April 2014. Texas natural gas production was 632,494,096 Mcf (thousand cubic feet) of gas in July 2014, down from the June 2014 gas production total of 639,345,631 Mcf.