Post Tagged with: "Production growth"

Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

International oil prices are contingent upon both the worldwide growth in oil production and the worldwide growth in oil inventories. Understanding the balance of these movements, and interpreting those movement is undertaken by the Energy Information Agency (EIA) and the …

Pioneer Natural Resources Lowers Capex Budget to $2.0 Billion

Pioneer Natural Resources Lowers Capex Budget to $2.0 Billion

$1.85 billion for drilling in 2016 with 10% production growth and no debt raises rest of year

Pioneer Natural Resources (ticker: PXD, PXD.com) announced its fourth quarter results, along with its 2016 capital budget of $2.0 billion. The company …