The merger combines Pioneer’s more than 850,000 net acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the Delaware and Midland Basins, creating the industry’s leading high-quality undeveloped U.S. unconventional inventory position. Together, the companies will have an estimated 16 billion barrels of oil equivalent resource in the Permian.

Savings to come from higher oil recoveries, efficiencies. Job cuts will be ‘fairly minimal,’ CEO Darren Woods says...

By concentrating its production close to home, Exxon is effectively betting that U.S. energy policy will not move against fossil fuels in a major way even as the Biden administration encourages automakers to switch to electric vehicles and utilities to make the transition to renewable energy.

Our dedicated water management subsidiary, Pioneer Water Management, LLC, provides water sourcing, transportation, and sales to internal and external customers. Pioneer is focused on reducing our use of fresh water, mitigating the disposal of produced water through water recycling efforts, reducing water acquisition and transportation costs, and minimizing water trucking on public roadways.

Our team works to minimize the potential impact of our operations, especially in areas of water stress, as defined by measuring the ratio of total water withdrawals to available renewable water supplies. We aim to integrate this understanding into operational practices and project design, which includes adding technology applications focused on water management.

For years Pioneer has focused on reducing its use of freshwater by increasing reuse of produced water and working with the cities of Midland and Odessa to acquire treated reclaimed water. In 2021, Pioneer announced a target to reduce freshwater use in Completions Operations to 20% by 2026.

In 2021, we implemented a comprehensive water management roadmap for the next 10 years of Permian development to manage potential future risks and uncertainties related to water sourcing, production, transport, reuse and disposal. In 2021, we recycled nearly 100 million barrels of water, which enabled us to offset almost half of our water needs for fracking operations.

Texas oil and gas regulators are proposing new rules for the first time in almost 40 years to address how companies in the sector build and maintain waste pits.

November 2nd. Houstonian Hotel. 200 decision makers in oilfield water! You don't want to miss this action packed 1-day only event!

This is a high demand, limited capacity event on track to run out of seats. Check out a few of the speakers in this post...