US Shale Output Poised To Keep Rising Despite Investor Concerns

Analysts said Pioneer's oil target miss was not indicative of a wider problem and the increasing gas production also benefits the energy industry.

"From the entire (Permian) basin perspective, this will be offset by stronger output from several other players," said Artem Abramov, vice president of analysis at Rystad Energy.

Dan Katzenberg, an oil industry analyst at R.W. Baird & Co, said rising natural gas production is good for producers.

"There's more total resource," he said, "That is the important point, and it's clearly being overlooked by the market."

(Reporting by Ernest Scheyder; Editing by Phil Berlowitz)


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Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
G.H.Hobbs | Aug. 12, 2017
Do people not understand that rig count in this play is not an indicator of activity. One rig drills multiple wells, for one pad. these multiple wells contain numerous laterals, Just watching the weekly rig count is mindless.


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