ConocoPhillips CEO Flips the Script on US Shale Industry
Ryan Lance leads the charge toward capital efficiency instead of empire building.
Pumpjacks in a residential neighborhood in Midland, Texas.
Photographer: Jordan Vonderhaar/BloombergWelcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Senior US Oil Reporter Kevin Crowley examines the changing business model for the shale industry. To get this newsletter sent to your inbox, sign up here.
It’s hard to imagine Ryan Lance wearing a cowboy hat and snakeskin boots. But right now the smooth-talking, suit and tie-wearing ConocoPhillips chief executive officer might just represent the model shale oil boss.