- 4-Week # shares sold: 705,009
- 12-Week # shares sold: 3.0 million
- 24-Week # shares sold: 3.3 million
The agency said global crude stockpiles will persist through 2017, but analysts noted Tuesday that U.S. producers will still ramp production if oil hovers above $50 per barrel next year.
The deal is the latest in what's become an industry-wide land grab for acreage in the area
The oil and gas producer will buy the family-owned operator in a deal worth $2.45 billion, a bargain price considering the attractive West Texas assets included in the package.