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Jordan Blum

Pressure pumps wait for hydraulic fracturing operations to begin at a Chevron drilling site Wednesday, July 19, 2017 in Midland. ( Michael Ciaglo / Houston Chronicle ) Pressure pumps wait for hydraulic fracturing operations to begin at a Chevron drilling site Wednesday, July 19, 2017 in Midland. ( Michael Ciaglo / Houston Chronicle )[/caption]

The nation’s biggest energy players, Exxon Mobil and Chevron, are emerging as the biggest competitors in the booming Permian Basin, and they’re set to duke it out in the region for more than a decade to come, analysts said Friday.

Earlier this month, Exxon Mobil and Chevron both said they planned to grow their Permian Basin production to about 1 million barrels of oil equivalent a day within five years, roughly tripling their current output.

“These players are set to increase collective output to over 2.5 million barrels of oil equivalent per day by 2030, leaving all well-established shale producers behind,” said Artem Abramov, head of shale research at Norwegian research firm Rystad Energy. Read more…