The Permian shale oil basin in the southern United States is among the few to show gains even during the market downturn, a federal report finds. Overall, the shale oil basins in the United States have been more resilient than expected during the market downturn that began in mid-2015. In a recent forecast, the U.S. Energy Information Administration predicted a slight increase in total U.S. oil production for 2017, a reversal of estimates last year that forecast a decline. Texas remains the No. 1 oil producer in the United States and the EIA said in a daily briefing that the Permian shale basin is the most durable in the country. “Although overall U.S. oil production has […]