Thanks. What’s holding back barrel production in TX?
I don’t think anything is really holding back production in Texas. But you are talking about a rather big hill to climb compared to where we were in the 1980’s.
Remember the shale production in the Bakken has several years head start on the shale in Texas’ Eagle Ford and Permian Basin.
But it is not for lack of drilling. Lots of rigs working here now.
Nearly half of all drilling rigs operating in the United States are drilling in Texas 927 out of 2,007 at last count.