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Posted February 11, 2016Today in Energy

Initial production rates in tight oil formations continue to rise ›

Tight oil production in the United States increased from 2007 through April 2015, based on estimates in EIA's Drilling Productivity Report (DPR), and made up more than half of total U.S. oil production in 2015. Tight oil growth has been driven by increasing initial production rates from tight wells in regions analyzed in the DPR. As drilling techniques and technology improve, producers are able to extract more oil during the initial months of production from new wells. More


Source: EIA, Drilling Productivity Report

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Data Highlights

WTI crude oil futures price

2/9/2016: $27.94/bbl

down$1.94 from week earlier
down$24.92 from year earlier

Natural gas futures price

2/9/2016: $2.098/mmBtu

up$0.073 from week earlier
down$0.499 from year earlier

Retail heating oil price

2/8/2016: $2.092 /gal

up$0.01 from week earlier
down$0.819 from year earlier

Crude oil inventories

2/5/2016: 502.0 mmbbl

down0.8 mmbbl from week earlier
up84.0 mmbbl from year earlier

Weekly coal production

1/30/2016: 13.611 million tons

up0.550 million tons from week earlier
down6.837 million tons from year earlier

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