Eagle Ford Production Continues to Climb as Oil Prices Drop

San Antonio Business Journal| Sergio Chapa

According to a new EIA report the Eagle Ford has seen two months of crude oil production growth in 2017.

Oil production continues to climb at the wrong time. The U.S. Energy Information Administration released its monthly Drilling Productivity Report on Monday afternoon showing that oil production is expected to climb just as commodity prices have fallen. Crude oil prices had been stable — between $50 to $55 per barrel — since mid-December but inventory reports released last week show there is supply higher than most expected causing prices to crash to about $48 per barrel.

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