Exxon bid to triple daily production

EXXONMOBIL is aiming to triple its total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico, while tight oil production from the Delaware and Midland basins will increase five-fold in the same period.
Exxon bid to triple daily production Exxon bid to triple daily production Exxon bid to triple daily production Exxon bid to triple daily production Exxon bid to triple daily production

Staff Reporter

It also plans to spend more than $2 billion on transportation infrastructure to support its Permian operations.
 
Through its $6 billion Bass companies acquisition in 2017, ExxonMobil added an estimated resource of 3.4 billion barrels of oil equivalent, with upside potential in multiple additional prospective horizons. 
 
Much of the oil will be sent to the recently acquired a crude oil terminal in Wink, Texas, that is will be expanded and will then ship the oil to Gulf Coast refineries and marine export terminals.
 
Other liquids will be sent to new or existing petrochemical plans.
 
 

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