Occidental to increase Permian production in H2 while reducing rig count-March 2024-www.financetom.com

Occidental to increase Permian production in H2 while reducing rig count

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Occidental to increase Permian production in H2 while reducing rig count

May 8, 2024 11:33 AM

HOUSTON, May 8 (Reuters) - Occidental Petroleum ( OXY )

expects to increase oil production in the Permian basin by

18,000 barrels per day in the second half of 2024, with gains in

efficiency allowing the company to reduce the rig count in the

main U.S. shale basin, senior key executive Richard Jackson said

on Wednesday, in a webcast to discuss first quarter earnings.

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