ExxonMobil to sell Permian assets to Hilcorp

ExxonMobil to sell Permian assets to Hilcorp in $1bn deal
Credit: rarrarorro/Shutterstock. ExxonMobil has reached an agreement to divest its conventional oil drilling assets in the Permian Basin, located in Texas and New Mexico, to Hilcorp Energy for approximately $1bn, reported Reuters, citing sources.
ExxonMobil to Sell Non-Core Permian Basin Assets to Hilcorp Energy
XOM's deal with Hilcorp Energy to sell off its older assets in the Permian Basin aligns with the former's strategy to focus on investments that improve its asset portfolio.
ExxonMobil to sell West Texas, New Mexico assets to Hilcorp
ExxonMobil agrees to sell select assets in West Texas and New Mexico to Hilcorp Energy, focusing on shale drilling properties.
Exxon aiming to sell older Permian assets to Hilcorp in ~$1B deal - Reuters
ExxonMobil sells Permian Basin assets for $1B to focus on advantaged portfolio, following trend of divesting mature oil fields to Hilcorp Energy.
Hilcorp Bags $1B Permian Deal
Exxon Mobil Corp. will offload some of its conventional oil assets in the Permian Basin, selling to Hilcorp Energy for approximately $1 billion
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Sources: Exxon will sell its older Permian assets for $1 billion to Hilcorp
Four sources with knowledge of the matter said that Exxon Mobil Corp, the top U.S. oil company, has agreed to sell its
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