Urban Oil & Gas Expands in East Texas as XTO/Exxon Continues Legacy Asset Divestment

Urban Oil & Gas Group appears to be expanding its East Texas footprint through the acquisition and operation of legacy natural gas infrastructure previously owned by XTO Energy and ExxonMobil. Recent TCEQ air permit transfers involving compressor stations and production facilities suggest Exxon continues divesting mature East Texas assets as part of its broader strategy to focus on higher-growth projects like the Permian Basin and offshore developments.

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