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re: Big baws move to dominate Permian
Posted on 8/6/19 at 5:16 pm to RedRifle
Posted on 8/6/19 at 5:16 pm to RedRifle
Im guessing when they say XOM they really mean XTO? XTO & CVX were some of the only larger players that never left the Permian in the early 2000s, which is why they have such great acreage positions.
ETA: this is one of the reasons the GOM hasn’t come back to pre-2014 levels. More and more majors are putting capital in the Permian with the quick ROI rather than larger mega projects in the gulf. Projects in the gulf have gotten leaner and meaner to compete though.
ETA: this is one of the reasons the GOM hasn’t come back to pre-2014 levels. More and more majors are putting capital in the Permian with the quick ROI rather than larger mega projects in the gulf. Projects in the gulf have gotten leaner and meaner to compete though.
This post was edited on 8/6/19 at 5:18 pm
2
Posted on 8/6/19 at 5:58 pm to waiting4saturday
ExxonMobil(XOM) not XTO.
LINK
quote:
Deep-pocketed ExxonMobil and Chevron Corp. during the second quarter taught the independents a thing or two about how to make it work in the Permian Basin no matter what the price of oil and gas is.
LINK
Posted on 8/6/19 at 6:10 pm to waiting4saturday
XTO is 100% owned by Exxon.
Top players now are XTO, Chevron, Occidental and EOG resources.
Top players now are XTO, Chevron, Occidental and EOG resources.
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