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 valuable resource, you want to get it right.”
This “valuable resource” of which Boothby speaks is the “mul...

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Oilman Jan-Feb 2018

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