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Oil production in Texas’ Eagle Ford shale formation rose 77% Y/Y in March, yielding more...

Oil production in Texas’ Eagle Ford shale formation rose 77% Y/Y in March, yielding more than 529K bbl/day and posting a record. The number could still go higher; February output was revised to 511K bbl/day from the preliminary report of 471K. EOG Resources (EOG) is the largest Eagle Ford leaseholder, with 639K net acres, followed by Chesapeake (CHK) and Apache (APA).
Comments (1)
  • pauliene
    , contributor
    Comments (154) | Send Message
     
    I would have thought today's action in Chesapeake would have at least a bunch of writers..
    we hit over 22 and closed at 22.16 and were up to 22.30 for a few minutes.
    everyone should be in the money and happy with this movement,
    as I see it we should expect some asset sales before the national stockholder meeting
    if we get to 23 by Thursday we will get more favorable news from the street as they like to tell us, after the fact, that the stock is moving
    natural gas is holding up and so is oil
    anyone looking at the 5 day moving averages versa. the 50 day moving averages and see any direction?
    28 May 2013, 07:09 PM Reply Like
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