NEW YORK, April 12 (Reuters) - The U.S. Permian basin
has not seen peak production, and increases in output from the
region will help to offset production declines in other basins
going forward, said Occidental Petroleum Chief Executive
Vicki Hollub on Wednesday.
Crude output in the Permian basin in Texas and New Mexico,
the biggest U.S. shale oil basin, is expected to rise to 5.62
million barrels per day this month, according to estimates from
the U.S. Energy Information Administration.
(Reporting by Laura Sanicola and Stephanie Kelly
Editing by Chris Reese)
Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))
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