Year-on-year, U.S. oil output up
Houston (UPI) Apr 21, 2015 - Oil production in the Lower 48 U.S. states is increasing year-on-year despite low oil prices and less spending on exploration and production, analysis finds. Bentek, the forecasting unit of energy news service Platts, said oil production from the Eagle Ford shale basin in Texas increased 28 percent year-on-year, while output from the Bakken shale in North Dakota was up nearly 18 percent ... more
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