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