Deal finalized over ExxonMobil’s acquisition of Pioneer Natural Resources



ExxonMobil’s $64.5 billion buyout of Pioneer Natural Resources is a done deal.

The large acquisition, first announced in October of last year, was finalized this past week. The move constituted a marriage of two of the largest fossil fuel companies active in the Permian Basin.

Together, they operate on 1.4 million acres across the western Delaware and eastern Midland sub-basins.

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