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ExxonMobil doubles Permian Basin resources to 6B barrels via acquisitions

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Exxon Mobil Corporation will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 growth area for onshore oil production. —Darren W.

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil. Resource Base. Exxon Mobil Corporation added 2.7

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Edeniq and Flint Hills Resources Renewables establish joint development relationship for ethanol

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Flint Hills Resources Renewables, LLC, a leading US ethanol producer, will become a customer of Edeniq, Inc., a biomaterials and sustainable fuels company, in addition to being an investor. Edeniq’s OilPlus corn oil extraction process is also being deployed at one Flint Hills plant and plans call for two others.

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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. XTO’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil.

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Why Wall Street is throwing billions at the Permian

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The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The West Texas shale basin has captured two-thirds of the 90 oil rigs that have been added since hitting a nadir in May. Also, Concho Resources announced its decision to pay $1.6

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Denbury Undertakes Midwest CO2 Pipeline Feasibility Study

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Denbury Resources Inc. As building such a pipeline is still in the preliminary stages, the Company has not yet evaluated its financing options, but they could include third party financing, project financing, bank financing, joint venture development and potential governmental support. Denbury Resources Inc.

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