Texas Oil Production Falls for the First Time in a Year
- U.S. output also declines in January for first time since May
- Drillers idled rigs after price collapse of late 2018
This article is for subscribers only.
Texas, home to the largest U.S. shale play, saw oil production slip in January for the first time in a year, as pipeline bottlenecks in the Lone Star state prompted drillers to cut back.
The decline pushed overall U.S. production lower by 90,000 barrels a day, marking the first national drop since May, according to revised data from the Energy Information Administration. January production clocked in at 11.87 million barrels a day.