The OPEC-fueled market recovery hasn’t been felt yet in Texas, where the energy sector appears to have bottomed out, an economist said. The Texas Alliance of Energy Producers estimates total crude oil production for November was 93.7 million barrels, about 8.3 percent less than the prior year. Gas production was around 650 billion cubic feet, a decline of about 8.5 percent from November 2015. In terms of value, both oil and gas increased, but were still lower than the previous year. Karr Ingham, an economist measuring broad-based factors to gauge the health of the state energy sector, said parts of Texas have been in decline for two consecutive years as of November. That gauge, however, was taken before members of the Organization of Petroleum Exporting Countries signed off on a deal that sidelined a collective 1.2 million bpd from the global market. A […]