Texas produced oil at a record rate in September, cranking out its highest daily oil output in any month since January 1981, according to data from the U.S. Energy Information Administration. Texas produced more than 2.7 million barrels of oil per day during September, more than doubling its output in less than three years. That total also is up 30 percent over September of last year. Texas’ five-year-old oil resurgence began when advances in hydraulic fracturing and horizontal drilling technology…
Reported by bizjournals 2 days ago.
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