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Permian Basin Production to Recover Completely by 2022: Report
Steady production growth and a positive investment outlook is expected to restore production of the Permian Basin to pre-pandemic levels by next year, according to a latest report by GlobalData.
US Orders New Review of Drilling in Alaska Wildlife Refuge
The widely anticipated move comes two months after U.S. President Joe Biden’s administration suspended the nine leases in the Arctic National Wildlife Refuge pending an environmental analysis.
Pioneer Natural Resources Warns of Tepid Shale Growth in Coming Years
Pioneer CEO Scott Sheffield anticipates output in the Permian Basin to grow roughly 5%—in line with his own company’s planned production increases—over the coming years.