Tuesday, August 11, 2026
Earthstone Energy

U.S. Oil Production to Grow 4% in 2017, 7.5% in 2018: EIA

Canada’s oil production rose in February, up 4% YoY Shale producers will continue pumping more and more hydrocarbons according to the latest analysis from the Department of Energy. The EIA released its Short Term Energy Outlook for the month of May yesterday, outlining expectations for energy markets in the immediate future. U.S. crude oil production averaged 9.1 MMBOPD in April,

Cimarex: Running 8 Rigs in the Permian, 6 in Mid-Continent

Realized NGL prices more than doubled Cimarex Energy (ticker: XEC) reported first quarter earnings today, announcing net income of $131 million, or $1.38 per share. This result compares favorably to the $38.2 million income in Q4 2016 and the $231.5 million loss the company recorded in Q1 2016. Total production up 11% sequentially Total company production grew by 11% sequentially,

New York Banned Fracing but Spends $95 Million for Natural Gas Powered Buses

North American bus manufacturing giant New Flyer Industries Inc. (ticker: NFI), announced on Monday that it contracted with New York City Transit Authority (NYCT) to deliver 110 heavy-duty 60-foot articulated buses—fueled with compressed natural gas (CNG). The state-funded contract, a firm order for 110 XN60 Xcelsior CNG-powered buses, is valued at US $95 million, the company said in a press release. New