Thursday, February 12, 2026 at 2:08 AM
Chris Wright said “enormous progress” is being made on crude production.
The Treasury Department issued licenses Friday for oil companies including Chevron and certain European rivals to operate in the country.
The Trump administration put out a new general license authorizing equipment and technology transactions.
The oil patch defied expectations over the past year by weathering low crude prices with record-breaking production. But big drillers are preparing for a slowdown.
The prolific Permian Basin distracted American producers from international shale. Now, they are returning.
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