Conoco CEO sees ramping up shale rigs when oil price recovers
April 08, 2015 at 15:17 PM EDT
HOUSTON, April 8 (Reuters) - ConocoPhillips, the largest independent producer of oil and natural gas, plans to add drilling rigs in 2017 in key U.S. shale acreage based on its expectations for a crude price recovery, the company's chief executive said on Wednesday.