Devon Energy and Marathon Oil Corp. reportedly intend to reduce production by 10 percent in 2016 compared to 2015, while EOG Resources Inc. plans to cut extraction by 5 percent.
According to the newspaper, Continental Petroleum Corp. plans to drill several new wells, but will not use most of them this year.
Earlier in February, Saudi Arabia, Russia, Qatar and Venezuela signed the so-called Doha deal to freeze oil output at January levels throughout 2016. Doha participants have urged all oil producers, both members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC states, to join the deal.
So far, the agreement has been endorsed by Iran, Ecuador, Algeria, Nigeria and non-OPEC member Oman.