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Land rush in Permian where oil is stacked like a layered cake
ExxonMobil, Noble Energy ink acquisition deals worth billions of dollars in a basin straddling Texas, New Mexico
Published Wed, Jan 18, 2017 · 09:50 PM
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Houston
AMERICA'S domestic oil production remains in a deep two-year slump, but a rash of multibillion-dollar deals are flashing sparks of recovery in the shale fields of the Permian Basin straddling Texas and New Mexico.
ExxonMobil announced on Tuesday it was acquiring nearly 275,000 acres (111,300 he…
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