Source: Institute for Energy Economics and Financial AnalysisMore pragmatic focus would be incentivising industry and modernizing the grid 8 June 2021 (IEEFA Australia): A new tax on EV users is unnecessary as the Australian (Commonwealth) government is well placed to deal with the potential revenue impact of the inevitable move to electric vehicles, finds a new briefing note
UPDATE 1-Exxon s shale output per well slips as total production rises -report Reuters 1 hr ago Shale acreage doubled with plan to sharply increase oil output (Adds Exxon comment)
By Jennifer Hiller
HOUSTON, June 9 (Reuters) - Exxon Mobil Corp s oil wells in part of a marquee U.S. shale field generated fewer barrels per well as it ramped up overall spending and production, according to a new report that looks at data from 2018-2019.
A $6.6 billion acquisition in 2017 of New Mexico acres doubled Exxon holdings in the Permian Basin that spans west Texas and New Mexico. The Permian s New Mexico portion is among Exxon s priorities with a goal to boost shale output to 700,000 bpd by 2025.
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