E&P companies have made significant strides in drilling and completion efficiency, but the head of a Permian Basin pure-play sees more opportunity ahead as it works with the oilfield service sector and experiments with different techniques.

Speaking during the virtual Barclays CEO Energy-Power Conference this week, Concho Resources Inc. President Jack Harper said “the bottom line is we’re drilling the wells and completing the wells faster and more efficiently. And we’re doing it in ways that I think we can maintain outside of just the normal inflation.”

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