Texas oil production fell in June from a year earlier for the first time in 16 months, according to figures released on Thursday by the state’s energy regulator, a fresh sign that a lack of pipeline space in the nation’s largest shale field may be curbing production. Texas June oil production was 98.9 million barrels, down about 2 percent from the same month last year and off 7 percent from the previous month, the Texas Railroad Commission estimated in a monthly report. So far this year, the state’s crude output had been rising 10.4 percent annually. The slowdown comes as oil prices in West Texas, home of the oil-rich Permian Basin, have fallen to near four-year lows as production outpaces takeaway capacity, including pipelines, local refineries and […]