Forecasts call for nearly 2 million daily barrels from the basin
By Richard Rostad, analyst, Oil & Gas 360

Like independent E&P companies in the oil and gas industry, the supermajors are also diving into the Permian.

Today Chevron (ticker: CVX) and Exxon Mobil (ticker: XOM) announced major plans for the basin, illustrating just how the jumbo oil companies have the inherent ability to quickly achieve scale in a place like the Permian Basin.

Most discussion of Permian activity is focused on independent E&P companies, particularly the major pure-play operators. And several of these have now achieved significant scale in the basin.

Pioneer, Concho and Diamondback are currently producing 319.6 MBOEPD, 307.1 MBOEPD and 18...

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