With its low break-even costs and reliable regulatory framework, the Permian Basin presents an appealing opportunity for oil and gas investors seeking sustained growth and profitability over the long haul. The current favorable oil pricing environment further enhances the business outlook in the United States' most prolific basin. Rising Oil Prices
It would be wise for investors to monitor three prominent energy companies operating in the Permian, like ExxonMobil (XOM), Chevron (CVX) and Diamondback (FANG).
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Surging crude prices have forced the Biden administration to postpone the refilling of the US oil reserve, with the Energy Department reportedly saying on Wednesday that it will not pursue a 3-million barrel purchase in “taxpayers interest” and analysts adding that the situation would likely continue.