ExxonMobil Hits 1,000-Well Milestone in New Mexico Delaware Basin [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
ExxonMobil has reached a milestone of completing 1,000 horizontal wells in the New Mexico Delaware Basin since 2017, showcasing its commitment to safe and efficient energy production. The company's success is attributed to its use of advanced technology, including 4-mile horizontal laterals and cube drilling, which reduces environmental impact and optimizes resource recovery. ExxonMobil's expanded acreage in the Permian Basin, following the acquisition of Pioneer Natural Resources, has solidified its position as an industry leader in unconventional oil and gas development. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No Exxon Mobil Corporation XOM has reached a milestone by completing 1,000 horizontal wells in the New Mexico Delaware Basin since 2017. This achievement highlights
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