Could add 300,000 b/d annual production at $47-$57/b With crude near $60/b, US may see incremental 500,000 b/d-plus Eagle Ford, Bakken need $55-$60/b to start production boost Production in the Permian Basin, the US’ most active oil play, could grow significantly at current or slightly higher prices, but boosting Eagle Ford and Bakken output requires a step change in crude prices, Scott Sheffield, CEO of major Permian player Pioneer Natural Resources, said Thursday. Located in West Texas and New Mexico, the Permian could add 300,000 b/d a year at a $47/b to $57/b WTI price to domestic supply, Sheffield said in webcast remarks at the Barclays 2016 CEO Energy-Power Conference in New York. Article Continues below… The Industry Leadership Award for Exploration & Production recognizes companies that have improved operational practices in the upstream sector. Nominate your company for a Platts Global Energy Award by September 12. NYMEX front-month […]