China's state-backed Sinochem is planning to sell its 40% stake in the Wolfcamp joint venture with Exxon Mobil (NYSE:XOM) in the Permian Basin, hoping to fetch at least $2B, and has hired Barclays ...

2016: EnCana initiated a new concept called cube development to improve capital efficiency when a shale play is a stacked play like the Permian basin. Parallel horizontal wells are drilled in a ...

The shale resources comprise Anadarko, Appalachia, Bakken, Eagle Ford, Haynesville, Niobrara and Permian ... acres of the Wolfcamp and Bone Spring plays in the Delaware Basin.

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.