The EIA projects Eagle Ford oil production will increase by 39,000 bo/d in May to 1.22 MMbo/d, the largest monthly increase since Dec. 2014 and the third month-over-month increase this year. Last week, three rigs were added in the play, according to Baker Hughes. The count now stands at 78, up 32 rigs this year. Activity in the play hasn’t been this high since Dec. 2015. The all-time high was 259 rigs in May......
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