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ExxonMobil doubles Permian Basin resources to 6B barrels via acquisitions

Green Car Congress

JANUARY 18, 2017

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 ExxonMobil will make an upfront payment of $5.6 growth area for onshore oil production.

Fort Worth

Fort Worth Delaware Oil New Mexico

Why Wall Street is throwing billions at the Permian

Green Car Congress

AUGUST 31, 2016

On August 25, Blackstone Group announced its decision to inject $1 billion into Permian assets in a partnership with a Fort Worth-based affiliate of Jetta Operating Co. SM Energy announced in early August that it would pay just shy of $1 billion to add nearly 25,000 acres in the Permian, doubling its holdings there.

Oil Prices

Oil Prices Oil Fort Worth Texas

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ExxonMobil doubles Permian Basin resources to 6B barrels via acquisitions

Why Wall Street is throwing billions at the Permian

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