Exploration and production in the Permian shale basin in Texas is contributing to more output, but not more jobs, data from a federal reserve bank said. The Federal Reserve Bank of Dallas said production in the Permian shale basin increased by about 66,000 barrels per day between November and December to reach an average 2.73 million bpd. “Strong production numbers are in line with the fourth-quarter Dallas Fed Energy Survey, which saw an acceleration from 14.3 to 33.7 in its oil production index,” the report read. “Today, the Permian Basin is producing 29 percent more barrels per day than in December 2016.” A survey of 134 energy firms from Dec. 13-21 by the Dallas Fed showed an index measuring confidence […]