OPINION: Majors pushing the shale pedal

Innovation from independents built the unconventionals sector - but now top US supermajors are hitting the throttle

Lofty targets: US supermajors ExxonMobil and Chevron have set the bar high for their expected output from the Permian basin by the middle of the next decade, with around 1 million barrels per day in sight for each. — Lofty targets: US supermajors ExxonMobil and Chevron have set the bar high for their expected output from the Permian basin by the middle of the next decade, with around 1 million barrels per day in sight for each.Foto: RYTIS DAUKANTAS/UPSTREAM

Kathrine Schmidt

Houston

Americas North America

Published 6 March 2019, 18:44Updated 7 March 2019, 14:02