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ExxonMobil executes two deals for Permian acreage
ExxonMobil (ticker: XOM) announced that it has acquired 48,000 acres in the core of the Midland Basin through the execution of two agreements. The agreements include an acquisition and farm-in adjoining XOM subsidiary XTO Energy’s existing acreage position in Martin and Midland Counties, providing rights to all intervals within the basin. The acreage will be operated by XTO.

“We are continuing to grow our position in a prolific area of the Permian Basin,” said Randy Cleveland, president, XT...

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