Monday, March 31, 2025

ConocoPhillips’ Lance Says Permian Pipeline Shortcoming Won’t be Long Term

From Financial Times Conoco’s step back from Permian Basin is temporary, CEO says Lance predicts short-term pipeline bottlenecks will not curb US oil production growth ConocoPhillips chief executive Ryan Lance: ‘We’re not trying to chase the cycle up’ US oil production can “comfortably” continue its strong growth over the next few years, in spite of hold-ups caused by a shortage