Permian Basin newsroom

• ExxonMobil is increasing the capacity of the Enterprise Products Bahia Natural Gas Liquids (NGL) pipeline by 400,000 barrels per day, boosting total throughput to 1 million barrels per day.
• The investment also includes an extension to connect NGL production from ExxonMobil’s Cowboy Central Delivery Point in Eddy County, New Mexico.
• The additional project capacity will operate under the name “Cowboy Connector Pipeline,” connecting ExxonMobil’s growing production in the Permian Basin to U.S. Gulf Coast refining and chemical facilities and enabling access to export logistics to serve markets around the world.
• The investment supports ExxonMobil’s growth plans in the Permian Basin and further enhances its competitive advantages of scale and integration.

• By integrating ExxonMobil's advanced technologies with Pioneer's Basin knowledge, we closed the transaction in record time with a 'best of both' mindset, achieving success through the hard work of our people.
• Our people are the best in the business and when you combine their talent and abilities with the technology we're deploying, that's how you safely drive improved efficiency, maximize recoveries, and provide more of the domestically produced energy that we all need every day.
• As one organization, we both share a deep commitment to being a responsible neighbor, driving local economic growth, and improving the quality of life in the communities where we work and live.

• We’ve drilled and completed 1,000 horizontal wells in the New Mexico Delaware Basin since 2017.
• We’ve enhanced efficiency and resource recovery in the Permian through technology.
• The Pioneer merger expanded our contiguous acreage in the Permian, boosting technology deployment opportunities.

We hosted our Corporate Plan Update and Upstream Spotlight event on December 11, 2024. Explore the event highlights, presentation material and videos.

SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Pioneer Natural Resources Company (NYSE: PXD).