Midland Basin

ExxonMobil To Acquire Irving-Based Pioneer Natural Resources in $64.5 Billion Deal

by | Oct 11, 2023
The companies said the all-stock merger deal combines Pioneer’s more than 850,000 net acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the Delaware and Midland Basins, creating "a diversified energy company with the largest footprint of high-return wells in the Permian Basin."
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