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Empire Petroleum buys US oil and gas assets from ExxonMobil
May 21, 2021

Empire Petroleum buys US oil and gas assets from ExxonMobil

Empire Petroleum has acquired oil and gas assets in New Mexico, US, from ExxonMobil for an undisclosed sum. Empire said that the assets comprise about 700 gross oil, gas, and injector wells. It also includes approximately 40,000 net acres of Permian leasehold. Empire CEO Tommy Pritchard added, “This acquisition is a terrific example of what Empire looks to manage in their assets: mature producing oil properties with predictable, long-life production with significant upside potential.“Looking towards the future, the geologic location of the Permian EMSU and AGU holds 23,400 acres of residual oil zone potential (ROZ).”

   Read More About : ExxonMobil US Production Oil and Gas
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