Fox Business | US Shale Oil Output to Soar in April, Permian to Hit Fresh Record Fox Business Oil production in the Permian Basin in Texas and New Mexico, the largest U.S. shale oil field, was set to rise 79,000 bpd to 2.29 million bpd, the highest level on records dating back to 2007. In the Eagle Ford region in Texas, output was expected to ... Oil prices at their lowest for 2017, Permian Basin has a lot of supply |