• Home
  • About Us
    • Previous Issues
    • Submissions
    • Contact Us
  • Subscribe
  • Advertise
    • Audience
    • Editorial Calendar
    • Sizes & Specs
  • Jobs
    • View Open Positions
    • List Your Job

Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

  • News
    • Legislative Matters
    • PBPA
    • People
  • Trade Talk
    • Automation, Controls and Measurement
    • Environmental, Safety and Training
    • Fracking, Frac Sand and Water
    • Infrastructure
    • Pipe and Pipe Service
    • Technology
    • Wireline and Testing
  • Business & Analysis
    • Industry Analysis
    • Mergers and Acquisitions
    • The Financial Picture
  • Drilling Deeper
  • Permit Map
  • Fun
    • Oil Patch Tales
    • History
    • Workovers
  • Subscribe

Pioneer Natural Resources lowers Permian production forecast

January 12, 2023 by Sarrah Barton

Irving-based Pioneer Natural Resources lowered its long-term forecast for production in the Permian Basin, according to a report by Bloomberg.  Scott D. Sheffield, president and CEO, said Jan. 5 at a conference in Miami that Pioneer now forecasts about 7 million barrels a day by 2030 – down from a previous estimate of 8 million b/d.  Sheffield said Pioneer, Chevron and ConocoPhillips will be the only companies producing more than 1 million b/d in Permian after 2030.

Also speaking at the Goldman Sachs energy and technology conference, CEO John Hess of Hess Corp. said U.S. shale production will likely plateau by 2026 at about 13 million b/d.

Filed Under: PBOG Newsletter

Subscribe to PBOG

Subscribe: Newsletter | Magazine

February 2023

February 2023

Read the most recent issue of PBOG on your computer, iPad, Kindle, phone or other electronic reader.

If you'd like to view our previous issues, click here.

Connect with us online.

Facebook spacer Twitter spacer LinkedIn
Privacy Policy

Cookie Policy

Permian Basin Oil and Gas Magazine

3457 Curry Lane
Abilene, TX 79606
325.673.4822
pbog@zacpubs.com

Search PBOG.com

© 2023 · Zachry Publications