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Sunday, April 7, 2024

Texas Oil Production: 2013 to the Present

Texas oil production has recovered from the COVID-19 low of 3.78 MBD in February 2021 to 5.49MBD in May of 2023, just above the pre-COVID-19 high. The oil price is currently above the $80/Bbl. This works out well for the Permian Basin Producers.

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