America’s oil supply problem is worse than most predictions, Ezra Yacob, president of EOG Resources Inc., told analysts during a third-quarter earnings call. Oil production in the United States will maintain a low growth rate in 2023, he said. The number of oil rigs, frac spreads, and workers indicated a low growth rate in the near…
America’s Oil Supply Problem Worse Than You Think, Industry Leader Warns
November 5, 2022
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US Oil Production to Maintain Low Growth in 2023: EOG Resources
November 5, 2022
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bidenBusiness & MarketsCompanieseconomic policieseconomyenergyEOG resourceErnonExecutive Branchoil productionPolicies & ImpactsPoliticsUSUS News
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The United States oil production will maintain a low growth rate in 2023, an industry leader said. Ezra Yacob, president of EOG Resources Inc., told analysts his prediction during a third-quarter earnings call. The number of oil rigs, frac spreads, and workers indicated a low growth rate in the near future, he said. Also, fewer…
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