Permian 3.0 shows biggest US oil field has more to give

Permian Basin news.
The silhouette of a pumpjack is seen at dusk in the Permian Basin near Midland, Texas, U.S., on Friday, March 2, 2018. Chevron, the world's third-largest publicly traded oil producer, is spending $3.3 billion this year in the Permian and an additional $1 billion in other shale basins. Its expansion will further bolster U.S. oil output, which already exceeds 10 million barrels a day, surpassing the record set in 1970. Photographer: Daniel Acker/Bloomberg