MIDLAND, Texas—The Permian Basin has been a powerhouse in energy for roughly a century and, despite the push for an energy transition currently taking place at COP26, Occidental Petroleum’s William Barrett doesn’t see that changing.

“You’re the pioneers in primary production, secondary production, enhanced oil recovery—all the methodologies there ... and I believe the Permian Basin is poised to become the leader in this transition to a low-carbon world,” Barrett told attendees of Hart Energy’s Carbon Management Forum on Nov. 3.

Serving as commercial director of Oxy Low Carbon Ventures, Barrett is familiar with the potential role the Permian can play in the low-carbon transition. The venture capital arm of the Houston-based company has chosen the basin to build the world’s largest direct air capture facility, expected to begin construction in 2022.

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