A Texas energy regulator said preliminary estimates show crude oil production in the state increased just over 13 percent in May year-on-year. The Railroad Commission of Texas published data for May 2015 , saying total crude oil production for the month averaged 2.4 million barrels per day, up from the 2.1 million bpd reported for May 2014. May data show the second straight month for gains for the No. 1 oil producer in the nation. April crude oil production of 2.31 million bpd was a 13 percent increase year-on-year. Decreases were posted, however, in early 2015. The momentum comes despite the steep decline in crude oil prices. The weak market leaves energy companies with less capital to invest in exploration and production, a trend reflected in […]