Oil production in Texas dropped in June 2018 compared to the same month last year, the first yearly drop since February 2017, figures by the Railroad Commission of Texas showed on Thursday, highlighting recent concerns that the pipeline bottlenecks in the Permian may have started to negatively affect production growth. Figures for June 2018, the latest available and still preliminary data based on production volumes reported by operators, showed that Texas’ total oil production, including crude oil and condensates, fell to 98.922 million barrels for the month, compared to 101.3 million barrels that Texas pumped in June 2017, figures by the Railroad Commission of Texas show. For crude oil only, production fell to 88.86 million barrels in June 2018, compared to 90 million barrels in June 2017. The production initially reported to the Commission for June 2017 was 75.254 million barrels of crude oil, but was later updated to […]