Exxon, Chevron move to dominate Permian as smaller players pull back
Exxon, Chevron move to dominate Permian as smaller players pull back
The Big Oil companies Exxon Mobil and Chevron are keeping their promises to dominate the Permian Basin, rapidly ramping up production as smaller companies contend with declining drilling activity, muted oil prices and a skeptical Wall Street unwilling to finance their growth.
Exxon Mobil has, by far, become the Permian’s most active driller with more than 50 rigs operating in the West Texas oil field, incr...
