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Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

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Occidental Petroleum & Ecopetrols Partnership: Occidental Petroleum (Oxy) continued to expand its Permian operations through a joint venture with Colombian oil company Ecopetrol. The first projects are expected to be operational by 2028. Gulf Coast refineries. MMBbl/d (+1.8 MMBbl/d from 2024).

Basin 40