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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. Factors Driving 2024 Prices: Geopolitical tensions in the Middle East and Russia-Ukraine conflict pushed prices above $85/bbl at times.

Basin 40