Highlights Basin capable of 200,000 b/d growth for some years Pioneer, with Parsley add, now has 20 rigs in basin Majors greatly reduced Permian rigs in past year Houston — A return to oil production growth in the Permian Basin during the next few years will largely depend on how the major oil producers there, particularly Chevron and ExxonMobil, pace their activity in the West Texas and southeast New Mexico play, Pioneer Natural Resources CEO Scott Sheffield said March 2. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The basin’s oil production is capable of growing 5%, or 200,000 b/d, per year, said Sheffield in a panel discussion at the CERAWeek by IHS Markit energy conference. “It can do that for several years,” Sheffield said. “A big factor is what majors like ExxonMobil and Chevron do.” The Permian Basin, the largest oil reservoir in the […]