Notice Pursuant to the National Cooperative Research and Production Act of 1993-Cooperative Research Group Permian Basin Consortium-Phase III

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Published

February 6, 2024

Issuing agencies

Justice DepartmentAntitrust Division

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<title>Federal Register, Volume 89 Issue 25 (Tuesday, February 6, 2024)</title>
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[Federal Register Volume 89, Number 25 (Tuesday, February 6, 2024)]
[Notices]
[Pages 8245-8246]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-02279]


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DEPARTMENT OF JUSTICE

Antitrust Division


Notice Pursuant to the National Cooperative Research and 
Production Act of 1993--Cooperative Research Group Permian Basin 
Consortium--Phase III

    Notice is hereby given that, on January 10, 2024, pursuant to 
section 6(a) of the National Cooperative Research and Production Act of 
1993, 15 U.S.C. 4301 et seq. (``the Act''), Cooperative Research Group 
Permian Basin Consortium--Phase III has filed written notifications 
simultaneously with the Attorney General and the Federal Trade 
Commission disclosing (1) the identities of the parties to the venture 
and (2) the nature and objectives of the venture. The notifications 
were filed for the purpose of invoking the Act's provisions limiting 
the recovery of antitrust plaintiffs to actual damages under specified 
circumstances.
    Pursuant to section 6(b) of the Act, the identities of the parties 
to the venture are: Marathon Oil Company, Houston, TX; and Diamondback 
E&P LLC, Midland, TX.
    The general area of Permian Basin Consortium--Phase III's planned 
activities will involve building on research conducted in Phases 1 and 
2 of the consortium, with continued analysis of deformation and 
mechanical stratigraphy in Permian strata exposed in and around the 
Permian Basin of Texas and New Mexico. Planned activity involves 
intensive data collection and quantitative analysis of systematic 
fracture networks and associated deformation related to 
lithostratigraphy and mechanical stratigraphy. This work will develop 
datasets and predictive relationships based on outcrop and core, that 
can be used to inform predictive models of fracturing in the Permian 
Basin. Subsurface investigations include numerical geomechanical 
modeling of deformation related to tectonic activity and hydraulic 
fracturing within

[[Page 8246]]

productive and potentially productive portions of the Permian Basin.

Suzanne Morris,
Deputy Director Civil Enforcement Operations, Antitrust Division.
[FR Doc. 2024-02279 Filed 2-5-24; 8:45 am]
BILLING CODE P


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