ExxonMobil officials, like all other oil and gas producers, are closely watching the current economic climate. The company recently announced a reduction of 2,000 jobs — none in the U.S. — as part of a long-term restructuring plan.
“We are worried about prices,” said Rich Dealy, vice president, Permian Basin, with ExxonMobil.
Addressing Hart Energy’s Dug Permian conference, he continued, “Our depth of inventory is impressive even at current prices.”
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Source: mrt
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