Crude oil production of 70.9 million barrels in November for Texas was nearly 4 million less than the previous month, a state energy regulator said. The Railroad Commission of Texas, the state’s energy regulator, reported crude oil production for November at 70.9 million barrels per day, about 4 million barrels, or 5 percent, lower than for the month of October. A decline in crude oil prices means less capital is available for exploration and production. While some inland shale basins in Texas are more resilient than others in the weakened market, the state regulator said it issued 727 original drilling permits in December , about 51 percent less than the total issued for the same month in 2014, as the appetite wanes. […]