The Port of Corpus Christi in Teaxs on the Gulf of Mexico is already the U.S.’s top oil export port. It sits between the Permian Basin and Eagle Ford which together produce about 4.7 million bpd, nearly half of the total U.S. production. However it needs to expand to take full advantage.
Sanchez Energy $SN Soars 10% After Earnings, Production Boost
Independent exploration and production company Sanchez Energy $SN reported Q217 earnings before the market Wednesday results below analyst views but lower capex and higher production saw the stock rise 10%.
Devon Energy $DVN Sells Eagle Ford Assets to Penn Virginia for $205 Million
Shale play Devon Energy $DVN who is reporting second quarter earnings after the market close Tuesday announced they are selling Eagle Ford Assets in Lavaca County, Texas to Penn Virginia for $205 Million.