CERAWeek Panel: Why Oil & Gas Drillers Limit Growth to Single Digits

The CERAWeek conference was held in Houston, Texas all of last week. We're still analyzing important news from the event. The CEOs of major drillers and midstream companies were there, as were heads of government agencies (like Jennifer Granholm, Biden's incompetent Secretary of Energy). For example, we spotted a report from a session where the heads of three drillers, Pioneer Natural Resources, ConocoPhillips, and Chesapeake Energy, shared their insights on what lies ahead for 2022 and 2023. The panel provided insight into how and why growth (new drilling, more production) is being limited in U.S. shale plays, including in the Marcellus/Utica.

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