A NUMBER of pure play specialists in the prolific US Permian region in Texas and New Mexico have trimmed their production and activity targets for this year in the wake of recent turmoil in oil markets that has seen sharp falls in prices. Delaware basin specialist Centennial Resources was the most recent to go public with plans to make its targets for this year more modest. In a statement released just before the Christmas holiday period, the company said it is "no longer targeting" its previous output goal of 65,000 barrels per day of oil for 2020 and that it would not pursue its planned addition of 2.5 drilling rigs in 2019 to reach that goal.
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