Exxon, Chevron move to dominate Permian as smaller players pull back

The Big Oil companies ExxonMobil and Chevron are keeping their promises to dominate the Permian Basin

ExxonMobil has, by far, become the Permian’s most active driller with more than 50 rigs operating in the West Texas oil field, increasing production there by nearly 90% in 12 months

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Source: businessreport.com