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Exxon adds 22,000 acres in Permian Basin

Written by Collin Eaton at The Houston Chronicle

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Exxon Mobil has snapped up 22,000 acres in the Permian Basin since May, expanding its footprint in West Texas and New Mexico through undisclosed acquisitions. The Irving-based oil company said Wednesday it bought prolific oil land sitting on top of multiple layers of oil-soaked rock known as stacked pay zones, in the Delaware Basin and the Midland Basin.

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Written by Collin Eaton at The Houston Chronicle

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