Pioneer Natural Resources Founder Scott Sheffield warned that Trump’s “drill, baby, drill” mantra “might not happen.” Sheffield set a grim picture for the industry in Houston, saying “You’ve really got to hunker down. You may have to lay off some people. You’ve got to focus on your best prospects. We’ll see what happens over the next two or three years,” Bloomberg News reported.
https://www.timesobserver.com/news/local-news/2025/04/instead-of-drill-baby-drill-u-s-rig-counts-falling-layoffs-increasing/