After a red-hot year for the Permian Basin in 2022, major oil and gas companies in Houston plan to grow production there again this year. Global production for Exxon Mobil Corp. (NYSE: XOM), which is relocating its headquarters from North Texas to the Houston area this year, reached 3.8 million barrels of oil equivalent per day during the fourth quarter, up more than 100,000 boepd from Q3 2022 levels. Exxon is expecting net production from the Permian to reach more than 600,000 boepd this year, Chairman and CEO Darren Woods said in a Jan. 31 call with analysts.