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The Permian basin, now the nation's most productive, is churning out ever-increasing volumes of crude. Midland sits in the heart of the Permian basin and Oxy's new office will house 600 employees. Crude Energy, a small independent oil and gas exploration company, is sitting on prime acreage in the Permian. Crude Energy's White Wolf #1 prospect, based in the Permian, is about 640 acres.

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