Permian Operators Battle Slower Output Growth

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  • Production growth in the Permian Basin is set to be lower than expected this year after the US oil patch was hit hard by supply-chain and labor issues.
  • Asset maturation could be a long-term contributor to slowing growth, according to ConocoPhillips, although opinions vary on how big a factor it could be.
  • Slow growth is set to persist into next year but some operators believe it's only a matter of time before the next technological breakthrough boosts flagging reserves.

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