Investor Business Daily | Bill Peters
Growing global energy demand is being met with a rise in West Texas shale oil production.
Oil prices finished higher Wednesday despite a surprise increase in U.S. crude supplies last week and another fresh high in crude production. The Energy Information Administration said U.S. crude inventories rose by 2.2 million barrels during the week ending April 20. Analysts polled by S&P Global Platts had forecast the government to report a 1.1 million-barrel drop in the nation’s oil stockpiles. On Tuesday, data from the American Petroleum Institute, a trade group, showed that crude supply increased 1.1 million barrels last week. Domestic production last week rose to 10.59 million barrels per day, a 46,000 barrel increase, according to EIA.
- U.S. shale oil production surges October 17, 2018
- Crude, fuels drive Port of Corpus Christi tonnage record October 15, 2018
- Energy Partnerships Rebound as U.S. Oil and Gas Output Rise October 12, 2018
- Report: US Oil Output To Grow Faster Than Expected In 2018 October 11, 2018
- US natural gas supply and demand have increased from year-ago levels, according to EIA October 5, 2018
Sanchez Energy News
- Shale Drillers To Torment OPEC Into Next Decade November 8, 2017
- Sanchez Energy: A Big Bet On Making American Oil Great Again January 25, 2017
- Sanchez Energy Announces Fourth Quarter and Full Year 2016 Operating Results; Additional 110,000 Acres Leased in the Western Eagle Ford January 23, 2017
- Sanchez Energy Announces 2017 Analyst Day January 17, 2017
- Sanchez Energy Announces Conference Call to Discuss Recently Announced $2.3 Billion Eagle Ford Transaction January 12, 2017