GREY:LSTMF - Post by User
Post by
kmappon Aug 11, 2015 9:58am
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Post# 24006485
Shale Oil Output Wanes U.S. Producers Retreat in Bear Market
Shale Oil Output Wanes U.S. Producers Retreat in Bear Market
Excerpt from article discussing anticipated lower output, link below. Output from the prolific tight-rock formations, such as the Eagle Ford in southern Texas, will decline by about 92,000 barrels a day next month to 5.27 million, the Energy Information Administration said Monday. Its the fifth straight month a slide is expected, after output more than tripled from 2007.------------------------------------------------------------------------------------------https://www.bloomberg.com/news/articles/2015-08-10/shale-oil-output-declines-as-producers-scale-back-in-bear-market