SOURCE: Industrial Info Resources

Industrial Info Resources

July 06, 2015 06:00 ET

Permian Production Stays Strong as Eagle Ford Tapers Off in the Face of Low Oil & Gas Prices, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Jul 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 2015. Since then, prices have stabilized at around $60 per barrel. The West Texas economy, powered by oil and gas production in the Permian Basin, so far appears to be having a soft landing, although low oil and gas prices have caused some operators to bail out of Texas.

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)

For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the "Contact Us" page.

Contact Information

  • Contact:
    William Ploch