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Oil companies increase drilling activity in Permian Basin

Pioneer Natural Resources, Apache and Occidental Petroleum are among companies increasing their drilling for resources in the Permian Basin in Texas and New Mexico. Pioneer recently added two rigs at its Spraberry-Wolfcamp acreage, Apache plans to add two multi-well pads in the same area and Occidental says it will operate up to seven rigs in its Greater Sand Dunes area early next year.

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