Exxon Mobil Corp’s oil wells in part of a marquee U.S. shale field generated fewer barrels per well as it ramped up overall spending and production, according to a new report that looks at data from 2018-2019. A $6.6 billion acquisition in 2017 of New Mexico acres doubled Exxon holdings in the Permian Basin that spans west Texas and New Mexico. The Permian’s New Mexico portion is among Exxon’s priorities with a goal to boost shale output to 700,000 bpd by 2025. Exxon’s average liquids output over a well’s first 12 months fell to 521 barrels per day (bpd) in 2019 in its Delaware basin holdings in New Mexico, down from ... (full story)