Oil and gas operator adds ‘stacked oil pay zones’ in the Delaware and Midland Basin areas to its growing acreage within the Permian base.
These new acquisitions increase Exxon’s six billion BOE equivalents in the Permian Basin resource.
The 22,000 acres announced today have been added since May 2017 through a series of procurements and acreage trades.
Since February this year, ExxonMobil has acquired a total of 250,000 across the Delaware Basin and 130,000 in the Midland Basin over the last few years.
The company currently operates 19 drilling rigs within the Permian Basin.
Jack Williams, ExxonMobil senior vice president, said: “We continue to build on our strong position in the Permian. Our leading presence in the Permian, from equity production through to Gulf Coast refining capacity, positions us well for the future.”
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