Water cuts are especially high in the Permian basin, and produced water volumes could grow by up to 92%, or as high as 12.5 billion barrels per year by 2028, according to some estimates.

Chevron and ExxonMobil both planned to up their oil and gas operations in the Permian Basin, during a time of rising interest in the fossil fuel region spanning southeast New Mexico and West Texas.

The nation's two largest oil companies said Tuesday they plan to significantly hike their activity in West Texas' Permian Basin and dominate the region, spending even more money while others cut ...

The Chevron CEO stated that Chevron’s production from the Permian Basin averages 50% oil, 25% NGL, and 25% gas, which is similar to the corporation’s other assets.

Exxon Mobil has lost its arbitration challenge to block Chevron's $55 billion Hess acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year, costing its rival ...

Chevron and ExxonMobil both planned to up their oil and gas operations in the Permian Basin, during a time of rising interest in the fossil fuel region spanning southeast New Mexico and West Texas.