The U.S. shale oil boom that powered the country’s highest crude oil production levels in decades appears to be slowing down due, in part, to a glut of supplies. 282 more words
Tags » Eagle Ford
U.S. crude oil production surged last year by the largest volume in more than 100 years.
American producers pumped an additional 1.2 million barrels per day of crude oil and condensate in 2014 compared with the year before, reaching 8.7 million daily barrels, according to the U.S. 179 more words
According to the US Energy Information Administration’s (EIA) latest Drilling Productivity Report (DPR) published Monday, US shale oil production is projected to see a net gain of only 1,000 barrels per day (bpd). 426 more words
Analysts Infer Pioneer Production Down in Eagle Ford, Capex Cuts Looming | 2015-01-20 | Natural Gas Intelligence
Although it will be another three weeks before Pioneer Natural Resources Co. holds its fourth quarter earnings conference call and announces a capital budget for 2015, analysts are already reading the tea leaves from a company executive and its joint venture (JV) partner in the Eagle Ford Shale over how both 4Q2014 and 2015 will shake out. 55 more words