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Permian Basin
ExxonMobil Chairman and CEO Darren Woods (left) and Pioneer CEO Scott Sheffield [Photos: Business Wire]
ExxonMobil Closes $59.5B Acquisition of Irving-Based Pioneer Natural Resources
by Lance Murray | May 3, 2024
ExxonMobil said the merger creates "an unconventional business" with the largest, high-return development potential in the Permian Basin.
by Lance Murray |
Nov 10, 2023
Mike Williams' industry experience includes managerial and director-level positions with oil and gas producers MorningStar Partners, BlueStem Energy, Approach Resources, XTO Energy, and ExxonMobil. Most recently, he served five years as VP of reservoir engineering at Founders Oil & Gas.
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by Lance Murray |
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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by Lance Murray |
Sep 29, 2023
Matthew Osborn has joined Dallas-based Goodnight Midstream LLC as president and chief operating officer of the Tailwater Capital LLC portfolio company, a leading provider of produced water handling services in Permian Basin, Bakken, and Eagle Ford....
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Energy Transfer LP, a Dallas-based midstream energy company, will acquire Lotus Midstream Operations LLC, based in Sugar Land, for $1.45 billion in a deal that includes $900 million in cash and approximately 44.5 million newly issued Energy Transfer common units. The acquisition will add Centurion Pipeline Company LLC, an integrated, crude midstream platform in the Permian Basin, to Energy Transfer's portfolio.
Dallas’ Energy Transfer to Acquire Lotus Midstream in $1.45B Deal
by Lance Murray | Mar 28, 2023
Energy Transfer LP, a Dallas-based midstream energy company, will acquire Lotus Midstream Operations LLC, based in Sugar Land, for $1.45 billion in a deal that includes $900 million in cash and approximately 44.5 million newly issued Energy Transfer common units. The acquisition will add Centurion Pipeline Company LLC, an integrated, crude midstream platform in the Permian Basin, to Energy Transfer's portfolio.
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by Lance Murray |
Dec 8, 2022
In its newly released five-year plan, Irving-based ExxonMobil said that it has allocated roughly $17 billion on its own emission reductions and accretive third-party lower-emission initiatives through 2027, an increase of almost 15%. Nearly 40% of these investments is directed toward building its lower-emissions business with customers to reduce their greenhouse gas emissions with a primary emphasis on large-scale carbon capture and storage, biofuels, and hydrogen.
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by Nicholas Sakelaris |
Nov 17, 2016
The find in the Wolfcamp portion of the Permian Basin could yield up to 20 billion barrels of oil.
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by Nicholas Sakelaris |
Mar 16, 2016
Armed with $40 million in private equity funding, Fountain Quail Water Management is poised to become the leader in frack water recycling.
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