Majors seek to boost Permian operations

摘要

Houston—ExxonMobil and ConocoPhillips are seeing operations and production increases in West Texas’ Permian Basin—but it comes mostly from conventional operations as they evaluate the potential to bulk up unconventionally, the pair said during respective quarterly conference calls on Thursday. Giant integrated ExxonMobil, which has 1.5 million net acres in the Permian—a basin that industry has exploited conventionally since the early 1900s—now has roughly 90,000 b/d of equivalent oil production there, David Rosenthal, the company’s vice president of investor relations and secretary, said.