ExxonMobil doubles Permian acreage in $5.6b deal

01 February 2017, Houston — ExxonMobil proved its faith in the prolific Permian Basin this month, electing to spend at least $5.6 billion in the less-developed New Mexico, Delaware basin side of the Permian. It’s a move that’s expected to pay off – for decades to come. Buying out the Bass family’s 250,000 acres will […] More »