The 68% surge in crude prices since the Iran war began roughly five weeks ago is incentive enough to compel American oil executives to ramp up output.
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Shale Firms Shrug Off Trump Push to Drill as Price Rally Ebbs
In the shale oil fields of Texas, North Dakota and New Mexico, executives are unlikely to change their capital budgets based on abrupt price moves from U.S. military strikes on Iran.
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Chevron to Buy Noble for $5 Billion in Rare Oil-Bust Deal
Chevron Corp. agreed to buy Noble Energy Inc. for about $5 billion in shares as the oil giant looks to beef up in the Permian Basin amid the wreckage of the worst crude crash.
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Drowning in Dirty Water, Permian Seeks $22 Billion Lifeline
In the dry, dusty plains of West Texas, home to America’s most prolific oil play, the problem isn’t too little water, it’s too much of it.
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