Exxon Mobil buys 250,000 acres in Permian basin for $5.6 billion

Exxon Mobil Corporation will more than double its Permian basin resource to 6 Bboe through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 Bboe in New Mexico’s Delaware basin, a highly prolific, oil-prone section of the Permian basin. More »