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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. Exxon Mobil Corporation added 2.7 Resource Base.

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

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

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Edeniq’s OilPlus corn oil extraction process is also being deployed at one Flint Hills plant and plans call for two others. OilPlus combines mechanical and chemical treatments to improve corn oil recovery. The company also has made equity investments in bioenergy companies, and operates a biodiesel plant near Fort Worth.

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Denbury Undertakes Midwest CO2 Pipeline Feasibility Study

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It is estimated that the study will be completed in the fourth quarter of 2009, following which Denbury will evaluate external market conditions, the state of financing and construction of the proposed gasification projects, and make a decision as to whether or not they will take initial steps to build such a pipeline. Denbury Resources Inc.

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