Shale Oil in the Permian Basin, United States
The Permian Basin is a light tight oil (LTO) play in west Texas, which is North America’s premier shale play.
Shell Enterprises LLC, a subsidiary of Shell plc, has sold its Permian business to ConocoPhillips, a leading shales developer in the basin. The transaction has transferred all of Shell’s interest in the Permian to ConocoPhillips, effective December 1, 2021.
We have appreciated our time in the Permian over the last nine years and the support of the local community. We wish our former partners, employees, contractors, and the community continued success in the years to come.