Asked if other shale operators are likely to join Pioneer in an ‘extreme belt-tightening’ regimen and what it would mean to future energy supplies, Berg cited the industry’s continued efficiency gains.
“That bodes well for future production growth, capital investment and job creation in the Permian,” he said. He added that the company also has an eye towards the Permian’s Future by being heavily involved with the Permian Strategic Partnership, especially its efforts in attracting and retaining talent.
The Permian, Berg said, “is Pioneer’s future. We have a significant drilling inventory on our existing acreage that will allow us to be active in the Permian for decades to come.”