Chevron expects shale production from the Permian Basin to increase to 600,000 barrels per day and rise to 900,000 barrels per day by 2023, the company said in a presentation to analysts on March 5. Production in the fourth quarter of 2018 was 377,000 barrels per day. The following day, Exxon Mobil outlined plans for increased capital spending to help boost production in West Texas to 1 million barrels per day.
Industry experts will convene March 11-15 in Houston at the annual CERAWeek conference, hosted by research group IHS Markit.
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