The Texas Rail Road Comission has has released their production numbers for March. The data is always incomplete and the most recent data is always the most incomplete. Nevertheless one can glean quite a bit from the data even though it is incomplete. The May Report has data through March, April through February and the March report has data through January. You can see from this chart how Texas upgrades their data as data comes trickling in. I looks like Texas condensate has peaked. May 2013 is the peak so far. October 2013 is creeping up but I don’t think it will overtake May. Regardless of whether May will be the ultimate peak or not there is no doubt that there has been a dramatic slowdown in Texas Condensate production. Combine the two and we get what the EIA counts as C+C. C+C has not peaked but I think the […]