Exxon Mobil plans to triple Permian production, invest $2 billion in west Texas
http://www.chron.com/business/energy/article/Exxon-Mobil-plans-to-triple-Permian-production-12536142.phpJanuary 30, 2018
Exxon Mobil said Tuesday it plans to triple its oil and gas production in west Texas' booming Permian Basin as part of its heightened emphasis on U.S. growth.
The country's largest energy company said it aims to grow its Permian production to 600,000 barrels a day by 2025 and also spend more than $2 billion on transportation and terminal upgrades in west Texas, including expanding its crude oil terminal in Wink, Texas.
Exxon Mobil is beginning to break out specifics of its spending plans after announcing Monday that it wants to invest $50 billion in the U.S. during the next five years, in part because of extra financial benefits gained from the new U.S. tax law....
...Exxon Mobil is planning to spend about $20 billion on refining, petrochemical and liquefied natural gas growth along the Texas and Louisiana Gulf Coast. Much of that work is being completed now, while some projects are awaiting the final go ahead.