The EIA projects that U.S. tight oil production, having taken over from conventional crude as the major source of output for the country, will hit 10 million barrels of daily oil production by 2030. – In 2018, tight oil production reached 6.5 mb/d. – Three shale plays in the Permian – the Spraberry, Bone Spring, and Wolfcamp – account for 41 percent of total U.S. tight oil production. Market Movers • Morgan Stanley says that Chevron (NYSE: CVX) is a much more compelling investment than ExxonMobil (NYSE: XOM). While both are posting big profits, […]