Survey results said 66% of 154 oil and gas firm executives contacted by the Dallas Fed this month believe U.S. crude oil production has peaked. The survey includes executives from Texas, Louisiana and New Mexico.
Industry veteran Ted Williams will join EnCore Permian as partner and COO to lead its growing operations department as the Midland, Texas-based company transforms into an E&P company.
During the last two years, many observers have suggested that consolidation is needed in the upstream oil and gas industry. However, the expected wave keeps not happening despite the logic behind the rationale.