Texas Oil Production To Rise In 2020 Despite Lower Prices

Despite the slowing growth rate across the U.S. shale patch, oil production in Texas will rise in nearly every month in 2020, thanks to sufficient fracking activity in the state home of the Permian basin, energy research and business intelligence company Rystad Energy said in a new analysis this week.   Statewide crude oil production in Texas grew to an estimated 5.4 million barrels per day (bpd) in December 2019, according to Rystad Energy. The latest available monthly production data for Texas from the Energy Information Administration (EIA)…