Texas dirt is emerging as Exxon Mobil Corp.'s best bet to arrest production declines that are threatening its position as the world's most valuable listed oil company.
Exxon could become the most active driller in the Texas and New Mexico basin by year's end, with a plan for at least 30 operating rigs. Now, Concho Resources Inc. is the most active driller with 26 rigs, if its planned USD 8 billion acquisition of RSP Permian Inc. is included, according to RS Energy Group.
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