Sanchez Energy and Crumbling Oil Prices?
Amid a drop in oil prices, one of the Eagle Ford’s biggest players, Houston-based Sanchez Energy, has seen a sharp dip in its stock price, falling nearly 35% in the past month to ~$18.50. Read More: http://eaglefordshale.com/news/
Oil production from shale formations in North Dakota and Texas increased by 55,000 barrels per day (b/d) or 2.1% in September, according to Bentek Energy. In South Texas, Eagle Ford shale oil production was 38.3% higher than September 2013, with more than 414,000 incremental barrels per day available to domestic end users.
“With recent downward price pressure in Brent and West Texas Intermediate crude oils, a lot of folks might expect production rates to start crumbling,” said, Jack Weixel, Bentek Energy director of energy analysis. Read More: Oil & Gas Financial Journal reports http://www.ogfj.com/
For more information visit Nobullradio.com This has been Randy Watson of the NO Bull Radio network for the Eagle Ford Minute.