Total crude oil production from Texas last year topped 1 billion barrels and daily production in December was 5 percent higher year-on-year, data show. Texas is the No. 1 oil producer in the United States and home to the Permian shale basin, one of the more lucrative reservoirs in the country. The Railroad Commission of Texas, the state energy regulator, reported total crude oil production last year was 1.03 billion barrels. Most of the oil from Texas comes out of the Permian shale and federal data show output is expected to increase. State data show a preliminary rate of total Texas crude oil production in December at 2.52 million barrels per day, up 5 percent from the average in December […]