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Exxon makes $5.6B northern Delaware Basin buy
After lying in wait throughout the Permian land rush last year, the ExxonMobil tiger has finally pounced—striking the biggest US upstream deal since the oil price crash of November 2014. Exxon will pay $5.6 billion in shares up front plus up to $1.0 billion in contingent payments from 2020 to 2032 to acquire companies owned by the Bass family of Fort Worth, Texas. These companies, including the operating entity Bopco, have net production exceeding......
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