Two top oil company executives are taking contrasting views on how fracking is changing the industry’s life cycle.
Crude production is outgrowing the boom-and-bust cycles of the past as the cost of getting a barrel out of the ground falls to new lows, Pioneer Natural Resources Co. Chief Executive Officer Tim Dove said. But ConocoPhillips CEO Ryan Lance said that the ups and downs are getting steeper and faster, presenting a new challenge for explorers.
