tell you what, Doc; why don't you explain to DC the accounting/reporting path for oil and natural gas production in Texas, who knows what first, the TRRC or the EIA or the SEC or the FBI. And while you are at it, draw me a picture, one of them flow charts with the little squares in it, in crayon, so I can understand it. Not too complicated now, you know how dumb I B bout them high dolla public companies.
You certainly are an obnoxious ass....when you get done with your snarky self-serving responses perhaps you might want to document what it is that is being reported. Barrels produced at the wellhead? Or perhaps barrels at separator, or perhaps barrels at point of sale. They all are slightly different. And generally reported production in a given month is often corrected in the following month for various reasons. I know a bit about that having spent a lot of time doing A&D reviews which required looking at that level of detail.
What the SEC has is reported sales barrels (less shrinkage, usage and other losses) and that would be a number that is consistently applied across all of the companies. Public companies report quarterly to the SEC, you can't discern what individual well production is from that information but you can certainly tell what a company is producing in a given trend and those numbers are reliable and consistent. Because each state has its own regulations, some companies use SCADA, others have field operators recording production and because of the various places that measurements might be taken you need a source that has a consistent reporting framework.
