The expansion of a Texas oil pipeline is likely to support more production from the prolific Permian shale basin, the Federal Reserve Bank of Dallas said. Texas is the No. 1 oil producer in the United States and home to the Permian and Eagle Ford shale reservoirs, some of the more robust basins in the Lower 48. The latest monthly figures from the Federal Reserve Bank of Dallas show Permian production increased nearly 3 percent from June to 2.47 million barrels per day. Eagle Ford production increased 3.1 percent to 1.35 million bpd. “Recent expansion in the capacity of the BridgeTex Pipeline, from 300,000 bpd to 400,000 bpd in second […]