May 2019, Vol. 246, No. 5

Global News

ExxonMobil Raises Permian Target by 1 Million Barrels Daily

ExxonMobil has revised its Permian Basin growth plans to produce more than 1 MMboe/d by as early as 2024 – an increase that is driving significant pipeline and infrastructure development. The Irving, Texas-based oil giant’s new target represents a significant boost in size and speed over plans set only a year ago, when it announced a goal of tripling total daily Permian production to more than 600,000 boe/d by 2025. Exxon then said it would support its increased production by investing more than $2 billion in terminal and transportation expansion, including pipeline construction from the Permian Basin to the Gulf Coast.  The company formed a joint venture with Plains All American Pipeline

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Pipeline & Gas Journal magazine.

2) Start your full access subscription to Pipeline & Gas Journal and gain UNLIMITED access to this article, the current issue, all past issues in the technical archive, access to all special reports, special focus supplements and more. Pricing start at $395/year.   

*Access will be granted the next business day.


Related Articles


{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}