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Permian Oil Output Slows, With Little Impact on Gas Glut

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Supply-chain snags, labor shortages and service cost inflation are slowing crude oil production growth this year and with it associated gas output, especially in the Permian Basin. Most publicly traded oil companies are bowing to investor demands to prioritize returning cash to shareholders over double-digit production growth, but signs are emerging that some operators are beginning to experience resource exhaustion.

Topics:
Independent E&Ps, Gas Supply, Oil Supply
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