It may be a matter of months before production in the Eagle Ford shale play catches up to its Bakken cousin. According to the latest Baker Hughes rig count, there are more rigs drilling in the South Texas play than in the entire state of North Dakota. Today we're looking at the latest production numbers out of the Eagle Ford, and how it's affecting our investments.
Numbers up
The Texas Railroad Commission said oil production in the Eagle Ford averaged 530,689 barrels per day in April. But this is just a preliminary number. The commission also released its revised numbers for February, lifting that number from 529,874 up to 561,544. That's a 6% pop that results basically from handing paperwork in late. I imagine that two months from now we'll learn that April's production was closer to 570,000 bpd than 530,000 bpd, but only time will tell.
Hot Heal Care Stocks To Invest In Right Now: Valero Energy Corporation(VLO)
Valero Energy Corporation operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Ethanol, and Retail. The Refining segment engages in refining, wholesale marketing, product supply and distribution, and transportation operations. It produces conventional gasoline, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. This segment also offers conventional blendstock for oxygenate blending, reformulated gasoline blendstock for oxygenate blending, gasoline meeting the specifications of the California Air Resources Board (CARB), CARB diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel. The Ethanol segment produces ethanol and distillers grains. The Retail segment sells transportation fuels at retail stores and unattended self-service cardlocks; convenience store merchandise and services in retail stores; and home heating oil to residential customers. Valero Energy Corpora tion markets its refined products through bulk and rack marketing network; and sells refined products through a network of approximately 6,800 retail and wholesale branded outlets under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco names in the United States, Canada, the United Kingdom, Aruba, and Ireland. As of December 31, 2011, it owned 16 petroleum refineries with a combined throughput capacity of approximately 3.0 million barrels per day; and operated 10 ethanol plants with a combined nameplate production capacity of approximately 1.1 billion gallons per year. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1955 and is based in San Antonio, Texas.
Hot Heal Care Stocks To Invest In Right Now: Standard Chart Bank(STAN.L)
Standard Chartered PLC provides consumer and wholesale banking products and services worldwide. It offers consumer banking products and services, including savings and accounts, loans, mortgages, credit cards, investment advisory, foreign exchange trading, currency deposits, mutual funds, and employee banking, as well as life, savings and retirement planning, health and medical, home, motor, and travel insurance. The company also provides wholesale banking services, such as transaction banking, including cash management, trade finance, and securities services; financial market solutions to meet risk management, financing, and investment needs; corporate finance services, such as corporate advisory and finance, project and export finance, structured trade finance and financing, and structured finance solutions; and principal finance solutions. In addition, it offers preferred, priority and international, private, small and medium-sized enterprises, Islamic, and online banki ng services. The company operates approximately 1,700 branches, offices, and outlets in approximately 70 countries, located in Asia, Africa, the Middle East, Europe, and the Americas. Standard Chartered PLC was founded in 1853 and is headquartered in London, the United Kingdom.
Top Energy Companies To Watch In Right Now: CSG Ltd (CSV.AX)
CSG Limited provides print and communication solutions in Australia. The company offers a range of multifunction devices, photocopiers, and printers for printing, faxing, scanning, photocopying, software, document storage, retrieval, and security. It also offers telephony and VOIP, unified communications, video and audio conferencing, contact centre, and facilities management solutions. In addition, the company provides managed print solutions, such as copiers and software of various brands; and production print solutions and consumables. Further, it offers integration and convergence of voice, print, and data; enterprise print services that deliver and implement holistic managed print solutions and document output solutions; and leasing solutions for print services equipment. The company serves education, government, finance, mining and resources, and utilities industries. CSG Limited was founded in 1988 and is headquartered in Brisbane, Australia.
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