US crude oil production should remain relatively flat near 11 million b/d for years to come with any upticks in Permian Basin output coming at the expense of other shale basins, the CEO of Pioneer Natural Resources said during a virtual Goldman Sachs energy conference. Pioneer, which is becoming the biggest pure-play Permian producer with …
The post Pioneer CEO: US crude output to remain relatively flat for years first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John