Post Tagged with: "Production growth"

Source: Reuters

Oil majors expect Permian production growth to slow

Oil Price


Two Big Oil majors have said they expect oil production in the Permian to rise by less than they had initially planned this year, suggesting industry problems are indeed serious enough to hold back production growth in the …

Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

Non-OPEC Supply Growth will Hold Down Prices: EIA, IEA

International oil prices are contingent upon both the worldwide growth in oil production and the worldwide growth in oil inventories. Understanding the balance of these movements, and interpreting those movement is undertaken by the Energy Information Agency (EIA) and the …

Pioneer Natural Resources Lowers Capex Budget to $2.0 Billion

Pioneer Natural Resources Lowers Capex Budget to $2.0 Billion

$1.85 billion for drilling in 2016 with 10% production growth and no debt raises rest of year

Pioneer Natural Resources (ticker: PXD, PXD.com) announced its fourth quarter results, along with its 2016 capital budget of $2.0 billion. The company …