The U.S. oil giant has quietly evaluated opportunities to produce lithium from subsurface brine water in Arkansas a process Exxon says is an extension of its current upstream capabilities.
With a $60 billion acquisition of Pioneer Natural Resources, Exxon plans to deploy its fine-tuned Delaware Basin drilling strategy into the heart of the Midland Basin, executives say.
Exxon Mobil scooping up Permian Basin giant Pioneer Natural Resources in a $60 billion deal could spur other megadeals across the U.S. oil patch, experts say.