Permian shale output closes gap with Saudi Arabia as rig count doubles, confirming US’ powerhouse status

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daniel fountain
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ID: 
1553116915046094500
Thu, 2019-03-21 00:35

NEW MEXICO: In New Mexico’s Chihuahuan Desert, Exxon Mobil Corp. is building a massive shale oil project that its executives boast will allow it to ride out the industry’s notorious boom-and-bust cycles.
Workers at its Remuda lease near Carlsbad — part of a staff of 5,000 spread across New Mexico and Texas — are drilling wells, operating fleets of hydraulic pumps and digging trenches for pipelines.

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