Could be another big sale of oil assets looming in the Permian Basin as Exxon Mobil Corp. revealed it’s looking to unload some of its older wells that produce small amounts of oil.
The company confirmed the move to Bloomberg which reported such a sale could approach $1 billion, depending on the price of oil.
Exxon Mobil’s is reported to be focusing on growing shale production after its acquisition earlier this year of Pioneer Natural Resources Co.
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