In a story that should surprise no one, the Wall Street Journal and others are reporting that the long-anticipated deal between U.S. energy giant ExxonMobilXOM -1.7% and Permian Basin titan Pioneer Natural ResourcesPXD +10.5% could finally be upon us.
ExxonMobil Corp. and Chevron Corp. are both on course to grow production from the Permian basin by 10% this year, more than double the rate of their smaller rivals.
XTO Energy subsidiary of Exxon Mobil since 2010, XTO Energy owns interests in about 40,000 producing oil and natural gas wells across the US is transferring/selling Haynesville 300 miles of pipeline assets to Faulconer Energy LLC.
By 2027, Exxon aims to produce up to one million barrels of oil equivalent per day in the Permian Basin.
ExxonMobil and Scepter, Inc. have agreed to work together to deploy advanced satellite technology and proprietary data processing platforms to detect methane emissions at a global scale.
XTO Energy ranks #3 in wells drilled in 2022 with 333 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
Chevron U.S.A. ranks #12 in wells drilled in 2022 with 145 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
XTO Energy holds more than 1.6 million acres in the Permian Basin. XTO Energy ranks #3 in wells drilled in 2022 with 333 wells drilled in the Mid Continent of the US. XTO Energy ranks #6 in air permits approved in 2022 with 58 permits in Texas.
here’s nothing else in the world like the PACE-R801 concept rig. Its combination of advanced automation, digitalization and robotics represents a trifecta solution for an industry pursuing the highest levels of safety, efficiency and environmental performance in order to attain ESG goals.
Exxon pledged to end routine flaring by the end of 2022, electrify operations in New Mexico and Texas and increase monitoring for methane releases while upgrading equipment to avoid emissions.
