CERAWEEK-Fewer U.S. rigs may not cut shale oil output -Exxon CEO

HOUSTON, April 21 (Reuters) - The precipitous drop in the U.S. drilling rig count over the past few months may not cause a long-term drop in shale oil output as the productivity of new wells continues to rise, Exxon Mobil Corp's chief executive said on Tuesday.

from Reuters: Company News http://ift.tt/1ICHwub
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