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)

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