The company says the expansion will bring the Beaumont facility’s total capacity to more than 630,000 barrels of crude oil per day – much of which will be supplied from wells in the West Texas Permian Basin.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.