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ExxonMobil doubles Permian Basin resources to 6B barrels via acquisitions

Green Car Congress

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.

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Why Wall Street is throwing billions at the Permian

Green Car Congress

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