Permian oil production is expected to rise by 40,000 barrels per day to about 4.18 million barrels per day in April.
The amount of state and local taxes and state royalties paid by Texas oil and natural gas companies reached the second-highest total in state history last year.
Oil and gas employment in the Lone Star State fell by 500 jobs in November compared to October, which the Texas Oil & Gas Association said ended a 23-month long consecutive growth.
Overall, 2018 was the Year of Consolidation as several E&Ps agreed to merge throughout the U.S., including inside and outside the prolific Permian Basin.
Analysts, experts and industry observers size up M&A for the Permian, Marcellus, Stack and Powder River Basin and take a look at what the tea leaves portend for 2019.