ExxonMobil Hits 1,000-Well Milestone in New Mexico Delaware Basin

Core Achievement - Exxon Mobil Corporation has completed 1,000 horizontal wells in the New Mexico Delaware Basin since 2017, showcasing its commitment to safe and efficient energy production [1][2] Technological Innovation - The company utilizes advanced technology and operational efficiencies, including the completion of 4-mile horizontal laterals and low-emission central vessel batteries, to enhance resource recovery and reduce environmental impact [3][4] - Horizontal drilling and cube drilling techniques are central to ExxonMobil's strategy, allowing access to hard-to-reach resources while optimizing logistical challenges and costs [4] Strategic Positioning - The Permian Basin is crucial to ExxonMobil's strategy due to its abundant resources and contiguous acreage, which have been significantly expanded by the recent acquisition of Pioneer Natural Resources [5] - This acquisition has more than doubled ExxonMobil's Permian footprint, enhancing its ability to deploy advanced technologies and achieve operational synergies [5] Commitment to Sustainability - ExxonMobil aims to achieve net-zero emissions in its Delaware-operated assets by 2030, reflecting its focus on environmental stewardship alongside technological innovation [3][6]