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Exxon adds 22,000 acres in Permian Basin

Written by Collin Eaton at The Houston Chronicle

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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