American oil drillers’ output could top Saudi Arabia and rival Russia by 2019, U.S. forecast shows

CNBC | Tom DiChristopher

The EIA is anticipating that U.S. oil production will average 10.8 million bpd in 2019 challenging producers Saudi Arabia and Russia.

American drillers will pump enough oil in 2019 to potentially surpass Saudi Arabia’s output and rival the world’s current top producer, Russia, according to a forecast from the U.S. Department of Energy. The department’s Energy Information Administration forecast Tuesday that U.S. oil production will average 10.8 million barrels a day in 2019, a level that would put it on par with Saudi Arabia and Russia. EIA expects American output to top 11 million barrels a day for the first time ever in November 2019. This year, EIA sees U.S. output rising to 10.3 million barrels a day, the highest ever annual average production.

https://www.cnbc.com/2018/01/09/us-oil-drillers-could-beat-saudi-arabia-and-rival-russia-by-2019.html

ABOUT THIRD PARTY LINKS ON OUR SITE

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.