Multibillion-dollar Deals Spark Recovery in U.S. Shale Fields
Houston — Domestic oil production remains in a deep two-year slump, but a rash of multibillion-dollar deals are flashing sparks of recovery in the shale fields of the Permian Basin straddling Texas and New Mexico. Exxon Mobil announced on Tuesday that it was acquiring 275,000 acres in New Mexico fro