Domestic oil production hit an all-time high last week, marking a full recovery from the Covid pandemic after drilling had dropped more than 25% between pre-Covid peaks and a bottom in early 2021.The comeback is being driven by the Permian Basin in Texas, where ExxonMobil is now consolidating its position with a $60 billion acquisition of Pioneer Natural Resources, and which has low production costs per barrel and easy pipeline access that pays off faster than offshore drilling. For years, Wall Street has pushed oil and gas companies to cut capital...