Permian Basin Producers Talk Today’s Challenges with Eyes on Future

Oil executives from ConocoPhillips, Diamondback Energy and Pioneer Natural Resources discuss shale innovation during global oil conference.

Velda

Addison

Hart Energy

Thu, 12/09/2021 - 12:00 PM

Permian-Basin-US-shale

Some Permian Basin operators see natural gas takeaway constraints and inflationary pressure ahead for the basin. (Source: GB Hart/Shutterstock.com)

HOUSTON—With more than 100 billion barrels of recoverable oil in the Permian Basin and recovery rates between 6% and 8%, top executives for three of the biggest oil producers in the basin see plenty of opportunities ahead for the basin.

Conversation about the potential of EOR to tap more barrels and carbon sequestration surfaced when executives from ConocoPhillips, Diamondback Energy and Pioneer Natural Resources took the stage during the 23rd World Petroleum Congress this week.

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Velda Addison

Velda Addison is the senior editor of digital media for Hart Energy’s editorial team. She covers exploration and production.

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