Oil and Gas Investor | Staff
Technological advancements have contributed to record-setting oil output levels, according to the EIA.
U.S. crude oil output in 2018 is expected to grow more quickly than previously forecast to a record high, according to a monthly U.S. government forecast on Oct. 10. Crude production was expected to rise 1.39 million barrels per day (bbl/d) to 10.74 million bbl/d this year, the U.S. Energy Information Administration (EIA) said in its short-term energy outlook. Last month, the agency expected crude output to rise by 1.31 million bbl/d to 10.66 million bbl/d in the year. U.S. production has soared, boosted by technological advances that have enabled drillers to tap shale formations, with output this year forecast to overtake the previous annual record of 9.6 million bbl/d in 1970.
Sanchez Energy News
- Sanchez Energy Reports Fourth-Quarter and Full-Year 2018 Financial and Operating Results; Provides 2019 Outlook March 1, 2019
- Sanchez Energy Receives Notice from NYSE Regarding Additional Continued Listing Standard January 8, 2019
- Sanchez Energy Receives Notice from NYSE Regarding Continued Listing Standard December 21, 2018
- Sanchez Energy Announces Engagement of Financial Advisor to Explore Strategic Alternatives December 4, 2018
- Sanchez Energy to Pay Dividends on Series A and Series B Convertible Perpetual Preferred Stock in Common Stock November 19, 2018
- Sanchez Energy Announces Third Quarter 2018 Financial Results and Operations Update November 1, 2018
- Sanchez Energy Announces Management Changes and Board Additions October 29, 2018
- Sanchez Energy Corporation Announces Third Quarter 2018 Earnings Conference Call October 15, 2018
- Sanchez Energy Corporation Announces Participation in Barclays CEO Energy-Power Conference August 29, 2018
- Sanchez Energy to Pay Dividends on Series A and Series B Convertible Perpetual Preferred Stock in Cash August 23, 2018