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Is Exxon hunting for Texas shale bargains?

2015-09-19 04:42:12| Chemicals - Topix.net

Exxon Mobil is adjusting the way it structures shale acquisitions as the global energy giant expands in West Texas, the largest U.S. oil-producing region. Executives with Exxon's shale-drilling unit, XTO Energy, are meeting with small, closely held producers in the Permian Basin to negotiate possible purchases and joint ventures, according to three people familiar with the talks.

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