ExxonMobil will be able to expand its processing capability in the US by 100,000 barrels per day with the acquisition of a new crude oil terminal in Texas. The American company confirmed that it has agreed to acquire Genesis Energy’s terminal in Wink, Texas which sits...
US-based shale oil producer Halcón Resources Corp (NYSE:HK) will sell its Williston Basin assets in North Dakota to a unit of Bruin E&P Partners for US$1.4 billion in cash. The sale represents a significant turnaround for Halcón, who filed for bankruptcy last year amid depressed oil...
American oil major ExxonMobil (NYSE:XOM) has announced it will more than double its oil reserves in the Permian Basin following a US$5.6 billion acquisition of companies owned by the Bass family of Fort Worth, Texas. The Delaware Basin, an oil-rich area of the Permian Basin, located...