For many in Texas, a slowdown is already apparent. Permian employment has lagged state job growth for the first time since 2016, according to the Dallas Fed.
“The death of shale has been wildly exaggerated,” said Leo Mariani, an analyst at KeyBanc Capital Markets. Much of the current production growth is coming from the industry majors, with Exxon Mobil Corp. and Chevron Corp. ramping up output at a startling rate in the Permian. Their huge balance sheets allow them to sustain investment through entire price cycles.
Some, like EOG and ConocoPhillips, are so far managing to walk the tightrope and generate consistent free cash flow. “They cannot veer from that course,“ said Regina Mayor, global head of energy for KPMG.The real pain is being felt among the small and mid-size publicly listed operators and private-equity-backed players.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Machine lubricants leave bad taste for palm oil producers, buyersThe palm oil industry, long-accused of large scale deforestation, is bracing for... Palm oil seems to be in everything these days, we refuse to use anything with it in. notrealfood Getting palm oil is killing the orangutan homes.
Source: Reuters - 🏆 2. / 97 Read more »
Why Kate Middleton Decided to Speak Out About Motherhood: 'This Is Not a Vanity Exercise'Kate admitted to feeling mom guilt, revealed details of her pregnancy and even hit on how she 'really quite liked labor!' roque85 roquejc2010 Who’s “Princess Kate?” Do you like being incorrect and looking like a lesser publication when you refer to her that way? Stunning cover. I have new found respect for William&Kate after all the drama and fuss and games. they have been nothing but respectful and devoted to the public and the Queen despite all their respobsibilties❤️❤️❤️
Source: people - 🏆 712. / 51 Read more »
Kamala Harris endorses George Gascón in competitive Los Angeles County D.A.’s raceU.S. Sen. Kamala Harris said George Gascón will provide 'real justice for every Angeleno.' Gascón is in a fight to unseat Dist. Atty. Jackie Lacey. Poor guy. I'm sure he was like, thanks but, uh, no thanks. LOL Kiss of death
Source: latimes - 🏆 11. / 82 Read more »
Key moments from Harvey Weinstein's rape trialHere are highlights of the rape trial of former movie producer Harvey Weinstein,... you know you will get raped in jail HarveyWeinstein for your crimes. Have fun with that. Paybacks are hell. Think of it as a 3 year prostrate exam lol i will do architectural floor plan with auto cad & also building/Construction materials take off & Cost Estimation.
Source: Reuters - 🏆 2. / 97 Read more »
Exclusive: Almond milk maker Califia raises $225 million, on coattails of Beyond Meat IPOThe investor rush into plant-based milk comes as cow milk consumption falls, partly due to health and environmental reasons. Read more on the FutureofFood: Can you make yogurt out of that crap? Tried some milk alternatives. Turns out in allergic to them. Good old milk from a cow is best for me. Turns out plant milk doesn't taste like milk.
Source: Reuters - 🏆 2. / 97 Read more »
Arca Serenades Star-Studded Crowd at BurberryThe experimental producer performed at London Fashion Week.
Source: papermagazine - 🏆 409. / 53 Read more »