Pioneer Natural Resources (PXD) CEO Steve Sheffield

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Pioneer Natural Resources (PXD) CEO Steve Sheffield believes we have hit the bottom of the cycle with respect to oil in the Permian Basin in Texas

“The Permian [basin] has bottomed out.”

 

Source: The Economist http://www.economist.com/news/finance-and-economics/21700649-50-barrel-enough-revive-global-oil-production-rigonomics