ExxonMobil Signs Agreements to Increase Position in Permian Basin

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ExxonMobil (XOM) Enters Agreements for Permian Basin Expansion

August 6, 2015 11:01 AM EDT

ExxonMobil (NYSE: XOM) announced it has executed two agreements to obtain horizontal development rights in 48,000 acres in the core of the Midland Basin.

The two agreements include an acquisition and farm-in adjoining XTOs existing acreage position in Martin and Midland Counties,... More