US independents see higher oil prices due to underinvestment in the sector

An alliance between US shale producers and Opec is suggested as the key to stabilising prices

Shale in focus: ConocoPhillips’ Executive Vice President for the Lower 48 Tim Leach, Pioneer Natural Resources Chief Executive Scott Sheffield and Diamondback Energy Chief Executive Travis Stice at the US Industry Luncheon event — Shale in focus: ConocoPhillips’ Executive Vice President for the Lower 48 Tim Leach, Pioneer Natural Resources Chief Executive Scott Sheffield and Diamondback Energy Chief Executive Travis Stice at the US Industry Luncheon eventPhoto: Phil McCarten/CorporateEventImages/Upstream

Mark Passwaters

Houston

Diamondback Energy ConocoPhillips Opec Pioneer Natural Resources 23rd WPC

Published 15 December 2021, 12:33Updated 15 December 2021, 12:33