Permian Production Stays Strong as Eagle Ford Tapers Off in the Face of Low Oil & Gas Prices
Attachment: Henry Hub NG Prices
SUGAR LAND--July 6, 2015--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The good news for the U.S. Oil & Gas Industry is that predictions of a sharp falloff in production are wrong--at least so far. West Texas Intermediate (WTI) crude oil hit a peak of about $108 per barrel in June 2014, before it plummeted to as low as $44 per barrel in early 2014. Since then, prices have stabilized at around $60 per barrel.
Within this article: Details on July oil and gas production in the Permian Basin and Eagle Ford areas.
Additional companies: Alon USA Partners (NYSE:ALDW), Pioneer Natural Resources Company (NYSE:PXD)
