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In the Heart of the Texas Oil Patch, It’s Gas That’s Taking Off
©2015 Bloomberg News NWA8296KLVRV (Bloomberg) — The oiliest county in Texas has seen its new natural gas production capacity more than double as drillers home in on their most profitable acreage. The peak output rate from new gas wells in Karnes County has surged 134 percent since January, estimates from
Hedge Funds Turn Most Bullish on Oil in 8 Months as Output Slows
©2015 Bloomberg News NN2SO76JTSEE (Bloomberg) — Hedge funds increased bets on rising oil prices to an eight-month high on signs U.S. production is slowing. Speculators boosted their net-long position in West Texas Intermediate crude by 9 percent in the seven days ended April 14 to the highest since August, U.S.
