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Posted November 4, 2016Today in Energy
Oil wells drilled horizontally are among the highest-producing wells ›
Oil wells drilled horizontally through hydrocarbon-bearing formations are often among the most prolific oil wells in the United States. Although modern horizontal drilling achieved commercial success in the 1980s, drilling techniques have improved, and in recent years, horizontal drilling has become more common. More›
Source: EIA, based on DrillingInfo
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EIA Deputy Administrator Howard Gruenspecht presents oil market outlook and drivers ›
July 14, 2016
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June 28, 2016
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Data Highlights
WTI crude oil futures price
11/3/2016: $44.66/barrels
down$5.06 from week earlier
down$1.66 from year earlier
Natural gas futures price
11/3/2016: $2.769/MMBtu
up$0.005 from week earlier
up$0.507 from year earlier
Weekly coal production
10/29/2016: 17.008 million tons
up0.546 million tons from week earlier
up0.340 million tons from year earlier
Natural gas inventories
10/28/2016: 3,963 Bcf
up54 Bcf from week earlier
up48 Bcf from year earlier
Crude oil inventories
10/28/2016: 482.6 million barrels
up14.4 million barrels from week earlier
up31.7 million barrels from year earlier
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