ExxonMobil (XOM) saw record production in the Permian Basin after merging with Pioneer Natural Resources. Similarly, the oil and gas company also saw record ...
) saw record production in the Permian Basin after merging with Pioneer Natural Resources . Similarly, the oil and gas company also saw record production in Guyana , contributing to its second quarter earnings growth. Chief Financial Officer Kathryn Mikells joins Market Domination to discuss both of these operations and how they play into the overall outlook of the company.
Uh We are starting to utilize uh what is a very large water recycling infrastructure in the Midland Basin that pioneer brings to the table. And then finally, I'd mentioned we're beginning to use our techniques in terms of what we call cube development, longer laterals in order to get at higher resource recovery more efficiently on the pioneer acreage.
And now this arbitration hearing over Chevron's proposed acquisition of hess, it's been pushed back, it looks like at least to mid 2025.So we always felt like uh this was a situation that deserved for people to take time in order to really inform all the data and all the circumstances to the joint operating agreement, which is what the arbitration panel has in front of them.
And then to your question, Julie, kind of what happens if for some reason, we were not successful in affirming the preemption, right, that we have our expectation would be that the Chevron has transaction would move forward.
Kathryn Mikells Permian Basin Exxonmobil Guyana Oil And Gas Company Record Production Market Domination Chief Financial Officer
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