XTO, EOG, OXY, and Others Join Forces in Permian

Peak Land Photo
January 4, 2019
by Peak Land Services

A recent partnership between 17 large oil and gas companies outlined below has taken place in the Permian.  These companies are normally competitors in the space but have come together to form a Permian Strategic Partnership that has pledged over $100 million to be invested in the Permian Basin community.  

Potential Projects

The money will be managed and disbursed based on community needs over the coming years.  It is thought that this money will go towards things such as bettering schools, adding healthcare providers, and improving our roads.  This influx of capital into the Permian Basin infrastructure will really improve the quality of life for families and their children. In past booms schools and daycares have been overcrowded and understaffed, but additional teachers and facilities will go a long way.  

Permian Companies Involved

The Permian Strategic Partnership is made up of companies focused on operating in the Permian Basin, and therefore this investment was meant to better the community in which their employees work and live.  The Permian Basin continues to grow through the volatility of the oil and gas industry and with solid community partners will continue to become an attractive place for families to relocate and set some roots.

The partners involved with the Permian Strategic Partnership are:

  • Anadarko
  • Apache
  • Chevron
  • Cimarex
  • Concho
  • Devon
  • Diamondback
  • Encana
  • Endeavor
  • EOG
  • Halliburton
  • Occidental
  • Parsley
  • Pioneer
  • Schlumberger
  • XTO
  • Shell

Peak Land Services is Permian Proud

While increased production growth will definitely increase tax revenue and allow communities such as Midland, TX, to reinvest in its infrastructure, the hope is that this money will be a much-welcomed boost to other areas neglected in the past.  Peak Land Services would like to thank everyone involved in this strategic partnership! We are proud to be a Permian focused Land Services Company for over five years, and appreciate the giving from some of our clients and industry peers!

Peak Land is Committed to Bettering Our Community

Peak Land Services strives to better the communities in which we live and work.  From turkey drives for Thanksgiving, school supplies donations, or even just delivering Gatorades and water to local law enforcement on a hot summer day, we are proud to be a part of this community.

Contact us to find out more information about Peak Land Services or any of our service offerings.