Texas Oil Production Hits 2.16 Million Barrels a Day

(The Dallas Morning News/MCT) -

The Texas Railroad Commission reported Tuesday that oil production in June reached 2.16 million barrels a day, up from 2.14 million the previous month and up 29 percent from a year ago.

And the shale-drilling boom in the Eagle Ford and Permian Basin formations does not appear to be slowing down anytime soon. The commission, which regulates the oil and gas industry in Texas, issued 2,419 drilling permits in July, an 11 percent increase from last month.

Natural-gas production also saw a rebound, as prices have improved since historic lows in 2012. Texas produced 603 million Mcf of gas in June, compared to 555 million Mcf 12 months prior.