ExxonMobil CEO Darren Woods on Doubling Recovery Rates and the Future of Fracking
Oil Gas Leads
MARCH 31, 2025
billion acquisition of Pioneer Natural Resources, Woods emphasized how innovationnot just scaleis at the heart of ExxonMobils growth plans, especially in the Permian Basin. oil and gas production, but its far from perfect. In fact, the industry typically recovers only 5% to 10% of the oil in place from shale reservoirs.
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