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After ending last year with an estimated production growth of 900,000 bpd higher than the end of 2022, U.S. oil expansion will be “considerably less,” EOG President Billy Helms said Thursday in a presentation to investors. ....
Despite a strong increase in shale oil production in 2023, lower prices in 2024 could bring about a sharp curtailment of drilling and a moderate reduction in completion activity in shale ....
The domestic US oil and gas industry set new production records during 2023 even as government planners allocate hundreds of billions in subsidies to replace its use. ....
U.S. production growth is expected to continue into the new year, thanks to further gains in efficiency and higher spending and production plans by the U.S. supermajors ....