Despite the slowing growth rate across the U.S. shale patch, oil production in Texas will rise in nearly every month in 2020, thanks to sufficient fracking activity in the state home of the Permian basin, energy research and business intelligence company Rystad Energy said in a new analysis this week. Statewide crude oil production in Texas grew to an estimated 5.4 million barrels per day (bpd) in December 2019, according to Rystad Energy. The latest available monthly production data for Texas from the Energy Information Administration (EIA) shows that Texas’ field production of crude oil stood at 5.329 million bpd in November 2019—an all-time high production record. Currently, the statewide oil production in Texas is reported at just 4.5 million bpd for December, but Rystad Energy’s assessment of reporting delays and activity trends point to a still unreported additional production of around 900,000 bpd. “We see a monthly addition […]