Hello, I’ve read plenty of articles about small and mid producers in Reeves County, but not much about the majors. Does anyone know if Exxon or Chevron have acreage (leases) in Reeves County? I recently read an article about the majors and it talked about how they are expanding their drilling and expect to continue to do so in the Permian (e.g. in contrast to the trend in other articles that have been discussing drilling slowing down in the Permian due to thin margins and diminishing cash flows for the mid and small producers). Apparently the majors in the article only have ~100-150 wells currently, but have permits for over ~6,000. It’s encouraging to read an upbeat report about future drilling, but certainly it’s only as good as the actions that follow it. So I just wondered if anyone had any insight into possible activity.
Thank you! -R