The Edge

The Edge: Tight oil's growth potential - fracturing conventional wisdom?

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Report summary

Pioneer has come out with a growth forecast that fractures conventional wisdom. A five fold jump in tight oil volumes to over 0.6 million b/d is made possible by the scale of the Permian basin resource and technological advances in exploiting it. There will be scepticism as to whether the target is achievable, but if Pioneer is proved right and others can follow suit, the consequences are profound for the oil market and prices as well as for conventional players without skin in the tight oil game.

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