Oil Drillers See Profits Continuing

24/7 Wall St.| Paul Ausick

Favorable market conditions combined with greater operational efficiency sees profits rise for shale oil companies. 

If crude oil prices remain above $55 a barrel this year (as they are expected to do), oil exploration and production (E&P) companies operating in U.S. oil fields expect to continue earning nice profits. To post a profit on a new well, E&P companies need a WTI price of $55 a barrel. The data were reported this morning by the Federal Reserve Bank of Dallas based on a survey of 136 oil and gas firms.




Sanchez Energy Corporation’s Website offers links to other third party websites that may be of interest to our website visitors. The links provided on our website are provided solely for your convenience and may assist you in locating other useful information on the Internet. When you click on these links you will leave the Sanchez Energy Corporation’s website and will be redirected to another site. These sites are not under the control of Sanchez Energy Corporation.

Sanchez Energy Corporation is not responsible for the content of linked third party websites. We are not an agent for these third parties nor do we endorse or guarantee their products or information. We make no representation or warranty regarding the accuracy of the information contained in the linked sites. We suggest that you always verify the information obtained from linked websites before acting upon this information.

Also, please be aware that the security and privacy policies on these sites may be different than Sanchez Energy Corporation’s policies, so please read third party privacy and security policies closely.

If you have any questions or concerns about the products and services offered on linked third party websites, please contact the third party directly.