ExxonMobil is advancing drilling automation and recovery technology in the Permian Basin to increase production and lower costs. OilGasLeads’ Exxon/XTO dataset contains 702 U.S. well records through October 26, 2026, with 641—91.3%—in the Permian, highlighting opportunities for drilling, completions and production optimization suppliers.
The Exxon/XTO report includes 2,976 contact records, concentrated in Texas, with Operation and Production representing the largest identified job functions. Mapping contacts by role, seniority, and geography helps suppliers identify operational needs, engage technical influencers and decision-makers, and build a coordinated major-account sales strategy.
ExxonMobil’s planned $27–$29 billion investment in 2026 aligns with its focus on technology and operational efficiency, while H&P expects to expand FlexRobotics deployment with ExxonMobil to approximately nine rigs by year-end 2027. H&P’s first robotic rig saved 20.5 days versus planned drilling cycle time and eliminated more than 3,300 red-zone personnel hours, demonstrating how automation can improve well delivery and reduce worker exposure.
Exxon is evaluating Orinoco heavy-oil fields as U.S. investment in Venezuela expands, opening major long-term opportunities for energy suppliers.
Texas regulators have approved ExxonMobil’s Rose CCS project, authorizing approximately 53 million metric tons of carbon dioxide storage through three wells in Jefferson County. The decision advances a proposed Gulf Coast network valued at more than $5 billion and creates potential opportunities across pipeline, compression, injection-well and monitoring services.
XTO Energy’s Neal Lease in Upton County is a full-section factory development featuring nine horizontal wells across two pads, with coordinated permitting and development within the same section. Two distinct projected-depth tiers—8,479 ft and 10,381 ft—appear on both pads, providing a strong indication of stacked reservoir co-development designed to efficiently develop multiple subsurface intervals from shared surface infrastructure.
ExxonMobil’s Permian production surpassed a record 1.8 million barrels of oil equivalent per day, supported by longer laterals and technologies designed to increase recovery while reducing well and capital requirements. XTO’s 2026 data includes 559 Permian permits—409 in the Midland Basin and 150 in the Delaware Basin—demonstrating a substantial inventory for continued development.
ExxonMobil has built one of the largest upstream portfolios in North America through the acquisitions of XTO Energy, Denbury, Pioneer Natural Resources, and several legacy Permian operators. Supported by this expanded asset base, the company has drilled approximately 7,535 Permian wells since 2016, reinforcing its position as one of the basin’s premier steady-state operators.
ExxonMobil is reportedly evaluating a potential acquisition of Woodside Energy to expand its LNG business and strengthen its position in key Asian markets, reflecting growing confidence in long-term global natural gas demand. For U.S. shale, the move would support future drilling activity by increasing LNG export capacity, creating stronger demand for natural gas from the Permian, Haynesville, and Appalachian basins while benefiting producers, midstream companies, and oilfield service providers.
Exxon Mobil shareholders approved the company’s move to redomicile to Texas, ending its 144-year incorporation history tied to New Jersey and Standard Oil. The company cited Texas’ strong support for the oil and gas industry, favorable legal environment, and growing operational presence in the state.
