Exxon Mobil to Increase Oil Production in West Texas Permian Basin

By |2018-02-06T02:43:12+00:00February 6th, 2018|Latest News, Midland 1st Choice, Midland Texas|

Exxon Mobil plans to increase its oil production in the Permian Basin to reach 600,000 barrels a day by 2025. The energy giant also plans to spend over $2 billion on transportation and terminal upgrades in west Texas, the Houston Chronicle reported last week. Over the next five years, Exxon intends to invest $50 billion [...]