Texas Oil Some positive signs indicate the long-awaited recovery in the Texas oil and gas industry may finally be on the way. But the climb back out of the hole dug since the price collapsed from over $100 in July 2014 to the $30 lows of January-February 2016 will be slow, and full recovery could take years, if it happens at all. Texas crude oil production in 2016 increased in August by 0.5 percent from last year, to 2.4 million barrels a day, according to the Railroad Commission of Texas. Total crude and condensate production for August was 2.7 million barrels a day. After years of lay-offs leading to a partial collapse of the Houston housing market and other economic woes, industry experts see employment prospects in Texas improving. The Texas Workforce Commission reported that two-hundred and fourteen thousand Texans worked in the upstream sector as of September 2016. […]