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XTO Energy sells Permian assets to Oklahoma-based operator

XTO Energy sells Permian assets to Oklahoma-based operator
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XTO Energy sells Permian assets to Oklahoma-based operator

A major oil and gas producer in the Permian Basin in New Mexico sold a large portion of its assets in the region to an Oklahoma-based operator as the industry in the prolific oilfield continued to see a rebirth in activity following historic declines during the coronavirus health crisis.
Empire Petroleum purchased the land and oil wells from ExxonMobil subsidiary XTO Energy in the Eunice Monument Field in Lea County within the western portion of the Permian that spans from southeast New Mexico to West Texas.
In total, Empire bought 700 oil, gas and injection wells from XTO, with a capacity to produce about 1,100 barrels of oil equivalent per day at 67 percent oil. ....

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US: Empire Petroleum completes acquisition of operated New Mexico oil and gas assets from ExxonMobil

US: Empire Petroleum completes acquisition of operated New Mexico oil and gas assets from ExxonMobil
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Empire snaps up Exxon assets in New Mexico

The assets will net Empire 1,100 barrels of oil equivalent/day. ....

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Empire Petroleum buys US oil and gas assets from ExxonMobil

Empire Petroleum buys US oil and gas assets from ExxonMobil
19 May 2021 (Last Updated May 19th, 2021 15:26)
Empire Petroleum’s subsidiary Empire New Mexico acquires ExxonMobil’s oil and gas assets in New Mexico.
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ExxonMobil sells oil and gas assets in New Mexico, US, to Empire Petroleum. Credit: Colton Sturgeon / Unsplash.
Empire Petroleum has acquired oil and gas assets in New Mexico, US, from ExxonMobil for an undisclosed sum.
The transaction involves producing oil and gas assets and related gathering assets located in Lea County, New Mexico.
The acquisition has been made by Empire Petroleum’s subsidiary Empire New Mexico from ExxonMobil’s XTO Holdings. ....

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