Chevron CEO: We like our position in the Permian Basin

Occidental Petroleum Corp., the largest oil producer in the giant Permian Basin, has ceded to activist investor Carl Icahn's demands and announced deep spending cuts in a bid to survive the steepest crude-price plunge in decades......»»

Chevron Corp will slash capital spending by $4 billion this year and suspend share buybacks, the latest oil company to cut costs in the face of an unprecedented slide in oil prices......»»

Chevron Corp will slash capital spending by $4 billion this year and suspend share buybacks, the latest oil company to cut costs in the face of an unprecedented slide in oil prices......»»

U.S. oil output growth from the Permian basin is expected to offset declines in every other shale formation in April, helping push overall production up by about 18,000 barrels per day (bpd) to a record 9.08 million bpd, data showed on Monday......»»

Parsley Energy Inc., an exploration and production company active in the Permian Basin of West Texas and Southeastern New Mexico, is scaling back operations as oil and gas stocks continue to take a beating on Wall Street. Based in Austin, Parsley Energ.....»»

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U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from the Permian Basin through its Gulf Coast Express pipeline......»»

U.S. pipeline operator Kinder Morgan Inc reported a 26% rise in quarterly profit on Wednesday, benefiting from higher gas takeaway from Permian Basin through its Gulf Coast Express pipeline......»»

The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday approved Kinder Morgan Inc's Dec. 13 request to start construction of its proposed Lockridge natural gas pipeline in the Permian basin in West Texas......»»

Oil and gas producer WPX Energy on Monday announced a deal to acquire privately held Felix Energy for $2.5 billion in cash and stock. Investors like the deal......»»

WPX Energy Inc said on Monday it would buy privately held Felix Energy in a $2.5 billion deal, as the Permian basin operator looks to add oil-rich acreage in the Delaware region of the prolific shale field, sending its shares up more than 9%......»»

U.S. oil and gas producer WPX Energy Inc said on Monday it would buy privately held Felix Energy in a $2.5 billion deal, adding acreage in the Delaware Basin, which is part of the prolific Permian......»»

Permian Basin oil wells are more productive than ever before, but output is also declining at a faster pace than ever before......»»

The world’s biggest shale patch is now officially a drag on jobs creation in the Lone Star state......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Is Permian Basin Royalty Trust (NYSE:PBT) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge fund.....»»

Dividend Channel.....»»

The chief executive of Pioneer Natural Resources , Scott Sheffield, on Tuesday called on producers in the top U.S. shale field to limit natural gas flaring and monitor for methane leaks......»»

Pioneer Natural Resources Chief Executive Scott Sheffield on Tuesday called on producers in the top U.S. shale field to limit natural gas flaring and monitor for methane leaks......»»

The Bottom Fishing Club: Permian Basin Royalty Trust.....»»