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oil production as momentum fades on a phase-out of fossil fuels. OZONA, Texas — Barron Petroleum has announced a major discovery of oil and gas reserves in the Permian Basin.
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The largest oil deposit ever found in America was just discovered in Texas . The new gear promises Chevron's Anchor and similar projects by Beacon Offshore Energy and BP will deliver a combined 300,000 barrels of new oil, and put 2 billion barrels of previously unavailable U.S "These ultra-high pressure fields are going to be a big driver for production growth in the Gulf of Mexico," Usoro added