Related Articles
Forward article link
Share PDF with colleagues

Growing pains for the Permian

The Permian is primed for years of booming production—if a range of infrastructure problems can be solved

Vast tight oil reserves, improving fracking techniques and attractive economics are pulling in tens of billions of dollars of new investment. Output just passed 3m barrels a day, up 1m b/d in just 18 months, and much more is in the pipeline. The top four investors—ExxonMobil, Chevron, Pioneer Natural Resources and Concho Resources, which is trying to takeover RSP Permian in a $9.5bn deal—alone have mapped out production growth of more than 2m b/d of oil by the mid-2020s. The dozens of smaller companies operating in the basin have their own ambitious plans. "It's easy to plot a path to 7m b/d," Pioneer's chief executive Tim Dove told a gathering of investors at an event hosted by the Indepen

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
What does TotalEnergies see in Iraq?
26 September 2021
The major has bucked the trend of Iraqi exits and reorganisations. Why is it going where others fear to tread?
ExxonMobil LNG announces 2021 Power Play winners
24 September 2021
Four remarkable professionals recognised across different categories that celebrate advances in diversity and equality and accomplishments in the LNG value chain
More thinking, less clicking: AI improves geoscientist efficiency
24 September 2021
Upstream operators increasingly value the transformational potential of AI solutions
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video