Pioneer Chairman Sees an OPEC Increase of up to 600,000 B/D

The video discusses the importance of OPEC increasing production to offset losses from Venezuela, Iran, and Libya, and the potential impact on oil prices. It also covers Russia's reported increase in oil output and its market effects. The challenges faced by US shale, particularly in the Permian Basin, due to pipeline constraints and rig count shifts are also explored.

What strategies might companies employ in response to production constraints?

What factors might influence the rig count in the Permian Basin?