Newfield CEO Says Oil Price Needs to Rise More Before Production Increase

Lee Boothby, CEO of Newfield Exploration Co., thinks that oil prices need to be higher for production levels to increase significantly. “People that are following the play, the investors, are going to have to be a little bit patient,” Boothby told Bloomberg on Oct. 13. “It’s such a huge and…

Support OILMAN Magazine

Please Log In to view this content.

Not a subscriber? Please Subscribe here for unlimited access.

Author Profile
Digital Content Manager
3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

Related posts