ExxonMobil closes on Pioneer deal

Jack Burke Senior Editor, Compressor Tech2

May 03, 2024

More than doubles the company’s Permian footprint

ExxonMobil has closed its acquisition of Pioneer Natural Resources, saying the merger creates a business with the largest, high-return development potential in the Permian Basin.

The combined company’s more than 1.4 million net acres in the Delaware and Midland basins have an estimated 16 billion barrels of oil equivalent resource.…

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