The Texas Railroad Commission issued 851 new drilling permits in October, about 130 fewer...
Overall regulators have issued 9,490 permits so far this year, a nearly 35 percent increase from the 7,053 issued in the same period last year.
While production in the U.S. is slated to continue growing, many analysts have revised production forecasts, saying they expect growth to slow down.“One important point that we find ourselves making these days is that US oil production is poised to continue to increase in coming years,” ConocoPhillips’ Chief Economist Helen Currie said at an energy conference hosted by the Dallas Fed in Houston earlier this month.
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