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

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Why Wall Street is throwing billions at the Permian

Green Car Congress

AUGUST 31, 2016

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. by Nick Cunningham of Oilprice.com. told the WSJ.

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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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