Booming Permian Basin Rewriting Rules For Global Oil Industry
In recent years, U.S. shale has single-handedly been meeting increases in global oil demand, forcing the Saudi-led cartel to curtail production to avoid a price collapse.
Read moreExxonMobil Ups Permian Output Target to 1 Million Barrels per Day by 2024
“Our plans are attractive at a range of prices and we expect them to drive more value as we continue to lower our development and production costs,” Chapman said.
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