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Strategies & Market Trends : World Outlook

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To: Les H who wrote (50210)1/4/2026 3:40:44 PM
From: Les H  Read Replies (1) of 51216
 
The Permian is still expected to sustain moderate U.S. production growth next year, but nowhere near the feverish pace of the boom years of the 2010s, when new drilling techniques and hydraulic fracturing unleashed oil and gas from previously inaccessible tight shale formations, vaulting U.S. crude output ahead of Saudi Arabia and Russia.

The founder of former Permian fracking giant Pioneer Natural Resources Co. raised some eyebrows this week by saying that one of the main reasons his company sold to Exxon Mobil Corp. in 2023 was that it was running out of top-tier drilling inventory.

“We were running out of Tier 1 inventory; everybody’s running out of Tier 1 inventory,” Scott Sheffield said in an interview with CNBC. “The best inventory is going to be run out of Pioneer by 2028, Tier 2 by ’32, so people don’t talk about the fact that we’re running out of inventory.”

On the natural gas side, despite tremendous domestic reserves, questions remain about the U.S.’s capacity to feed both a booming liquefied natural gas ( LNG) sector and growing domestic demand for natural gas-fired electricity generation driven by data centres, in part due to a shortage of pipeline capacity.

Alberta touts major revision to oil & gas reserve estimates | Financial Post
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