March 7 (Reuters) - U.S. oil production will grow by
about 500,000 barrels per day this year, with 80% or 90% of that
coming from the Permian basin, Frederick Forthuber, president of
Oxy Energy Services at Occidental Petroleum Corp said on
Tuesday at the CERAWeek conference in Houston.
Oil output growth in the U.S. has moderated, and is
anticipated to remain slower as companies have shifted their
focus to investor returns and faced headwinds such as inflation
and supply chain constraints.
(Reporting by Liz Hampton in Denver
Editing by Marguerita Choy)
Messaging: Reuters Messaging: liz.hampton.reuters@reuters.net))
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