Crude oil production reported to the state energy regulator in Texas for July was slightly lower than last year, preliminary data show. Texas is the No. 1 oil producer in the nation and at least parts of four of the seven active shale basins in the country lie within its borders. The Railroad Commission of Texas, the state’s energy regulator, reported total crude oil production from August 2016 to July 2017 at nearly 1 billion barrels. For July, the commission said crude oil production averaged 2.43 million bpd, about 6,000 bpd shy of the level from July last year. Commission data don’t show production per basin or explain variances. A drilling productivity report from the U.S. Energy Information Administration show production […]