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…
America’s Oil Supply Problem Worse Than You Think, Industry Leader Warns
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…
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