The Permian in West Texas and southeastern New Mexico continues to be the most prolific oil and gas producing basin in the United States, accounting for most of the output at the biggest public onshore producers and representing the bulk of oil and gas production at the top 50 producers.
Italian oil and gas firm Eni signed a new Production Sharing Contract (PSC) agreement with SONATRACH, Oxy and TotalEnergies for oil blocks 404 and 208 in Algeria.