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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.

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Fort Worth Delaware Oil New Mexico 150
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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

Green Car Congress

DECEMBER 14, 2009

Its properties are concentrated in Texas, New Mexico, North Dakota, Pennsylvania, West Virginia, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Utah, Louisiana and Montana. The transaction value includes $10 billion of existing XTO debt and is based on the closing share prices of ExxonMobil and XTO on 11 December 2009.

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Oil Fort Worth West Virginia Gas 186
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