Gasoil ratio alive and well in Q3/22 with minimal shale oil production growth YOY
The leading independents clearly display the rising gas/oil ratio, but not the majors. I think CVX is the big exception with a lot of virgin tier 1 acreage. I don't know how much of the majors' growth is attributable to shale vs. conventional oil.
YOY production growth from these leading oil companies is de minimus, despite EIA data and forecasts to the contrary.
Except for CVX, it looks like the Permian has peaked:
