EIA Raises Both 2017, 2018 U.S. Crude Production Forecasts

Bloomberg | Jessica Summers

U.S. crude production is expected to rise throughout the remainder of 2017 and into 2018, according to the EIA.

U.S. producers are seen pumping away, even with the price of West Texas Intermediate crude lingering below $50/bbl, according to the latest government estimates. Domestic output will average 9.91 MMbpd next year, the U.S. Energy Information Administration said in its monthly Short-Term Energy Outlook released Tuesday. That’s up from 9.9 MMbpd estimated in July, when the EIA lowered its forecast for 2018 production for the first time since the agency started posting the estimates in January. U.S. explorers have ramped up drilling this year, piling on oil rigs, at a time when nationwide crude output hovers at the highest level since July 2015. Top shale drillers like EOG Resources Inc. have outlined goals that would help push U.S. output toward a record 10 MMbpd next year.

Read Full Article


Sanchez Energy Corporation’s Website offers links to other third party websites that may be of interest to our website visitors. The links provided on our website are provided solely for your convenience and may assist you in locating other useful information on the Internet. When you click on these links you will leave the Sanchez Energy Corporation’s website and will be redirected to another site. These sites are not under the control of Sanchez Energy Corporation.

Sanchez Energy Corporation is not responsible for the content of linked third party websites. We are not an agent for these third parties nor do we endorse or guarantee their products or information. We make no representation or warranty regarding the accuracy of the information contained in the linked sites. We suggest that you always verify the information obtained from linked websites before acting upon this information.

Also, please be aware that the security and privacy policies on these sites may be different than Sanchez Energy Corporation’s policies, so please read third party privacy and security policies closely.

If you have any questions or concerns about the products and services offered on linked third party websites, please contact the third party directly.