$2.8B deal latest land acquisition in energy-rich Permian
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February 9, 2017
DALLAS (AP) — An Austin-based driller said this week that it's buying about 71,000 acres of land in the energy-rich Permian Basin for $2.8 billion, becoming the latest energy company to make a major investment in the region.
Parsley Energy said in a statement Tuesday that it's purchasing the land from a Fort Worth oil explorer, Double Eagle Energy Permian. The move will bring Parsley's holdings in the region to 227,000 acres.
The deal comes just a few weeks after Exxon Mobil Corp. announced it was buying the Permian Basin holdings of the Bass family, of Fort Worth, in a more than $6 billion st...
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