Exxon Mobil is preparing to drill dozens of new oil wells across the Permian Basin and Eagle Ford Shale. Over the past week, the supermajor filed for 53 drilling permits with the Railroad Commission of Texas, the state agency that regulates the oil and gas industry.
Exxon’s shale drilling arm XTO Energy is targeting the Eagle Ford geological in eight new horizontal wells planned for La Salle County in South Texas. Out in the Permian Basin, XTO is targeting the Spraberry formation on 33 new horizontal wells planed in Martin County, another eight in Midland County and three more in Upton County. [read more]