U.S. Shale Heavyweights To Boost Production This Year

In a sign that the U.S. shale patch is boosting output that
has been keeping a lid on oil prices, four U.S. shale companies
reported second-quarter production that beat targets and increased
their respective full-year output growth guidance. EOG Resources
reported on Tuesday Q2 total crude oil volumes rising 25 percent to
334,700 barrels of oil per day, setting a company oil production
record. The company raised its full-year 2017 U.S. crude oil growth
target to 20 percent from 18 percent and total company production
growth target to seven percent…

In a sign that the U.S. shale patch is boosting output that
has been keeping a lid on oil prices, four U.S. shale companies
reported second-quarter production that beat targets and increased
their respective full-year output growth guidance. EOG Resources
reported on Tuesday Q2 total crude oil volumes rising 25 percent to
334,700 barrels of oil per day, setting a company oil production
record. The company raised its full-year 2017 U.S. crude oil growth
target to 20 percent from 18 percent and total company production
growth target to seven percent…