The rig count in the Permian Basin was up five this week, the latest count Friday by Baker Hughes shows, with 303 rigs active in the region. A year ago, 311 rigs were active in the region. Nationally, ...
The rig count in the Permian Basin was up five this week ... A year ago, 311 rigs were active in the region. Nationally, the oil and gas rig count is up six from last week at 582 rigs.
Chevron Corp. plans to increase oil production by as much as 10% in the US Permian Basin this year despite reducing capital spending in the region, said Chief Executive Officer Mike Wirth.
Texas lawmakers are looking forward to a big year for the oil and gas industry and we spoke with local lawmakers and business leaders to learn more about the impact on the Basin.