Eagle Ford Production Reaches All-Time-High in February

Bloomberg reported that oil production at the Eagle Ford shale formation in Texas climbed 74%, yielding 471,258 barrels per day in February.

As quoted in the market news:

Growing production out of Eagle Ford is helping fuel a renaissance in Texas crude. The state produced 2.26 million barrels a day in December, the highest monthly level since May 1986, according to the Energy Information Administration, the statistical arm of the Energy Department.

Click here to read the full Bloomberg report.