U.S. Permian deal frenzy dims U.S. oil output growth prospects for 2024

February 8, 2024

NEW YORK, Feb 7 (Reuters) – Oil production in the prodigious Permian shale basin in Texas and New Mexico this year will see the slowest annual growth since 2021, according to market participants, as a slew of acquisitions reduces activity among private drillers.

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