"For the first time in a long time, we will see a buyer looking for a barrel of oil, as opposed to a barrel of oil looking for a buyer," Halliburton CEO Jeff Miller said at the 23rd World Petroleum Congress.
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
The group is working with Black & Veatch subsidiary Diode Ventures to develop and finance utility-scale solar projects in the Permian Basin.
Soaring oil production transformed North Dakota over the past decade but last year’s oil market downturn hit the region hard.
Across the African continent, where some 600 million people lack electricity, both well-established and emerging producers are seeking to accelerate hydrocarbon extraction.
The uptick in output is largely the result of lower base production declines, Chesapeake Energy said. It expects to produce between 20 million and 22 million barrels next year, according to a presentation.