Bakken Update: Eagle Ford Hedges May Provide Downward Oil Price Pressures
June 17, 2016 at 11:10 AM EDT
Permian operators began hedging in the $40s/bbl. Eagle Ford and Bakken E&Ps are also beginning to lock in 2016 and 2017 prices. This increase in hedging around $50/bbl is creating a resistance point for oil prices.