Though recovery is expected to evolve through 2017, data on oil production from Texas show volumes declined year-over-year, based on preliminary figures. The Railroad Commission of Texas, the state energy regulator, reported a preliminary volume of oil produced in January at 75,331,644 barrels. Year-over-year, preliminary production reported to the commission was 76,063,179 barrels, which was later updated to 89,235,660 barrels. Breaking the data down to daily output, the commission reported preliminary production levels in January were around 2.43 million barrels per day, compared with an average 2.45 million barrels per day for January 2016. Lower crude oil prices last year curbed spending in the energy sector, a factor often reflected by rig counts. In its weekly reports, oilfield services […]