A cornerstone of Exxon’s Q2 success was Permian Basin output, which hit a record 1.6 million barrels of oil equivalent per day (boe/d). This helped boost total upstream production to 4.6 million boe/d — the highest second-quarter figure since the Exxon-Mobil merger over 25 years ago.
As 2025 enters its second half, ExxonMobil stands at a critical juncture—leveraging its scale, technology, and capital discipline to drive upstream growth, especially in the Permian Basin. From advanced fracking to record production, here are the top 5 strategic priorities that will shape ExxonMobil’s momentum through year-end.
ExxonMobil’s Wink to Webster pipeline strategically operates as North America’s highest-capacity link between the Permian Basin and Gulf Coast refining capacity.
ExxonMobil has reached a major milestone: 1,000 horizontal wells drilled in the New Mexico portion of the Delaware Basin — just seven years after the first spud in 2017.
In 2024, XTO Energy, a subsidiary of Exxon Mobil, made headlines with its strategic decision to divest oil and gas facilities across key regions in the United States. This move reflects a broader trend within the energy sector, as companies reposition themselves to maximize value from their most competitive assets. Among the most notable transactions this year was XTO’s sale of its facilities in the Freestone Trend area of East Texas to Houston-based Hilcorp Energy.
The Permian Basin remains a cornerstone of energy production in North America, with companies like XTO Energy continuing to make significant strides in advancing drilling operations. A recent summary of XTO’s collaboration with H&P (Helmerich & Payne) reveals their robust drilling activity in the region throughout 2024 with 32 different drilling rigs and 576 wells drilled in 2024. This post dives into key insights from the data.
Exxon Mobil Corp., the largest U.S. oil producer, has struck a significant deal to sell its conventional oil assets in the Permian Basin to privately held Hilcorp Energy for around $1 billion.
In its third-quarter 2024 earnings report, ExxonMobil delivered impressive results, reflecting the company’s strong focus on operational excellence, cost efficiency, and optimized resource allocation. The quarter was marked by record production volumes, particularly in the Permian Basin, as well as extensive cost-reduction achievements in upstream operations. Here’s a look at some of the highlights and key strategies driving ExxonMobil’s success this quarter.
As the oil and gas industry continues to adapt to changing market conditions and technological advancements, XTO Energy’s recent well permits and drilling activity data provides a fascinating glimpse into current operational trends. Since January 1, 2023, XTO has been actively shaping its drilling strategy, with specific geographic blocks emerging as focal points. This blog explores the insights gleaned from the latest data, highlighting key trends and operational strategies that could impact the future of XTO Energy.
ExxonMobil’s decision to explore divestment of some of its Bakken shale assets marks another step in the company’s strategy to optimize its portfolio and focus on high-growth opportunities. Here are the key takeaways:
