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Should Investors Be Cautious of WildHorse Resource Development?
WildHorse Resource Development (WRD), an Eagle Ford Shale–focused exploration and production company, is trading ~91% above its 52-week low, possibly due to its strong production growth and higher average realized sale prices.
These Stocks Were the Weakest Upstream Performers Last Week
PVAC fell 16.3% last week amid weakness in crude oil and natural gas prices.
Top E&P Gainers for the Week That Ended on August 24
California Resources (CRC) was the top E&P (exploration and production) gainer in the week that ended on August 24, with a week-over-week rise of 22.2%.
US Could Be the World’s Largest Crude Oil Producer by 2020
The EIA (U.S. Energy Information Administration) estimates that the US crude oil output was steady at 10,900,000 bpd on June 29–July 6.
US Oil Production Steady for the Third Straight Week
The EIA estimates that the US crude oil production could average 10,790,000 bpd in 2018 and 11,760,000 bpd in 2019.
