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Oil Giants' Outlook Reflects the Losing Sheen of the Largest Shale Play – Permian Basin

Oil majors, including Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), reported record third-quarter profits, thanks to high prices amid tight supply due to the Russi. ....

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For top U.S. oil producers, Permian shale output is losing steam | Hellenic Shipping News Worldwide

For top U.S. oil producers, Permian shale output is losing steam | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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Permian Shale Output is Losing Steam for Top US Oil Producers

Pioneer Natural Resources told investors it will reshuffle its drilling portfolio next year to target wells with potentially higher returns, a move to boost lagging productivity levels. Chevron and Exxon Mobil also offered cautious notes on their Permian oil and gas volumes. ....

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Laredo Bolts On Permian Midland Acreage in Cash, Stock Swap with Pioneer Natural

Laredo Bolts On Permian Midland Acreage in Cash, Stock Swap with Pioneer Natural
naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.

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Alaska Journal | Pioneer Natural Resources goes on buying spree in Permian

Post date:
Wed, 04/21/2021 - 8:53am
Pioneer Natural Resources, headquartered here in the Las Colinas development of Irving, Texas, has been on a buying spree in the Permian Basin after revenue plunging last year amid the oil price crash. (Photo/Tom Fox/The Dallas Morning News/TNS)
Two years ago, Pioneer Natural Resources was reversing course and retrenching after Wall Street soured on the Irving-based oil and gas company.
“The market clearly isn’t paying for your business model,” one analyst said while another complained that Pioneer’s stock price hadn’t moved much in three years.
A week later, the CEO abruptly retired after two decades at Pioneer, and chairman Scott Sheffield returned to his former role as top executive. ....

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