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2001 Kansas Oil & Gas
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Kansas Geological Survey Open-file Report 2002-38 |
Table 1
Year |
Oil Production Barrels X 1,000 |
Average Price $/bbl |
Total Oil Value $1,000,000 |
Gas Production mcf X 1,000 |
Average Price $/mcf |
Total Gas Value $1,000,000 |
Total Oil & Gas Value $1,000,000 |
| 1998 | 36,413 |
$11.54 |
$420 |
608,639 |
$1.95 |
$1,187 |
$1,607 |
| 1999 | 33,993 |
$16.10 |
$547 |
567,245 |
$2.07 |
$1,177 |
$1,724 |
| 2000 | 35,133 |
$26.81 |
$942 |
532,327 |
$3.25 |
$1,730 |
$2,672 |
| 2001 | 34,104 |
$22.11 |
$754 |
480,944 |
$4.13 |
$1,988 |
$2,742 |
Table 1 - Summary of annual Kansas oil and gas production, and value at wellhead for calendar years 1998, 1999, 2000 and 20011.
Notes to Table: 1 Gas price is weighted monthly average of wellhead price per thousand cubic feet (mcf) from the Energy Information Agency (http://www.eia.doe.gov/oil_gas/natural_gas/info_glance/prices.html). Oil price is the weighted monthly average purchase price per barrel (bbl) for the best quality merchantable crude oil purchased and delivered into authorized pipelines or facilities as reported by Koch Industries, Wichita (http://www.kochoil.com/).
Figure 1 - Value over the past 50 years of Kansas’ oil and gas production relative to the value of statewide crop production as measured by the cash receipts for all crops produced in the state. Value for crops 1953 – 2001 from Kansas Farm Facts (http://www.nass.usda.gov/ks/ffsel.htm).
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Last updated August 2002
http://www.kgs.ku.edu/PRS/publication/ofr2002-38/P1-03.html