The U.S. is the world’s largest producer, with oil production touching a record 13.8 million barrels per day in August. However, weak oil prices and rising costs have pushed energy companies to cut billions in spending and moderate drilling, slowing production growth.
Texas Pacific Land (TPL.N), opens new tab missed Wall Street expectations for third-quarter adjusted core profit on Wednesday, as lower oil prices outweighed gains from higher production.
Curious Minds Corner
What unofficial title is given to a company’s representative at a drilling site?
The “Company Man” (not always a man; often a contractor)