The Permian Basin is a 90,000-square-mile mineral reservoir in West Texas and southeast New Mexico that was discovered in the early 1920s. Today, there are more drilling rigs in the Permian Basin than anywhere else in the world, and production in the Permian currently accounts for about one-fourth of the total oil output of the United States.
XTO Energy is one of the most active operators in the Permian Basin. XTO has about 500 employees in the Permian Basin, with offices in Midland, Texas, Coyanosa, Texas, and Carlsbad, N.M. Since 2014, we have grown our Permian portfolio to a high-quality resource base of almost 10 billion barrels today. By 2025, we plan to increase our production in the basin to 600,000 barrels per day, representing a five-fold increase in our unconventional Permian production.
The increased activity in the Permian Basin today is underpinned by innovation. Recent advances in horizontal drilling and hydraulic fracturing have opened a wealth of new opportunities and have made the Permian incredibly attractive in ExxonMobil’s global portfolio of oil and gas resources.
As we expand our presence in the Permian, safety and environmental responsibility remain paramount. Our continued aim is to conduct our business operations in a safe, environmentally responsible manner that minimizes our environmental footprint and allows each employee and contractor to leave work in the same safe manner in which they came to work.
In 2017, XTO implemented a methane management program to mitigate emissions associated with our operations. Through the program XTO has made significant progress in reducing emissions across our operations.
In April 2018, XTO began a pilot program at our James Ranch facility in New Mexico to evaluate new technologies in our efforts to reduce emissions. The facility incorporates low-emission technologies and will serve as a model for future development.
We are proud to be a part of the communities in which we operate. Our employees and their families live and work in these communities, so we take pride in giving back. Activities include volunteer time and philanthropic contributions in support of local schools, engagement with the local fire and sheriff departments, United Way, the city and community organizations.
Through a donation from XTO, the Carlsbad, N.M. police department was able to add two trained canine officers to the force. We're proud to support law enforcement throughout the Permian Basin.
Since 2014, XTO has added more than 300,000 acres in the core of the Permian Basin.
XTO plans to triple total daily production to 600,000 oil-equivalent barrels by 2025 from our operations in the Permian Basin in West Texas and New Mexico.
To help achieve our growth targets, XTO horizontal rig count in the Permian is expected to increase 65 percent over the next several years.
XTO has about 500 employees in the Permian Basin.
In 2017, ExxonMobil and XTO Energy contributed nearly $35 million to higher education, medical care, environmental research and arts and civic organizations in Texas and New Mexico.