ExxonMobil doubles down on oil and gas
Thursday, October 12, 2023
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ExxonMobil, which has known for decades that burning fossil fuels drives climate change, is doubling down on fossil fuels. The company announced on Wednesday that it will purchase Pioneer Natural Resources for $59.5 billion. The boards of both companies have agreed to the deal, but it is still subject to regulatory approval.
Pioneer is a major player in the Permian Basin, which underlies southeastern New Mexico and western Texas. The acquisition will more than double ExxonMobil's acreage in the Permian and give it "the largest footprint of high-return wells" in the basin, according to Pioneer's chief executive officer Scott Sheffield. ExxonMobil's oil and gas production in the Permian is expected to reach two million barrels per day by 2027 and continue for the next 15-20 years.
In addition to reshaping the industry landscape in the Permian, the move also signals ExxonMobil's confidence that the world will continue to rely on fossil fuels well into the future. In August, ExxonMobil released its energy outlook which predicted that oil and gas would still meet more than half of global energy demand in 2050 and that the world would fail to meet the science-based goal of keeping warming below two degrees Celsius.
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Exxon to buy Pioneer for $59.5B, reshaping U.S. oil industry
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 What's more valuable than gold? Protecting life from extinction.”
—Nick Jensen, California Native Plant Society, Los Angeles Times
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@alaskanps
Wilderness is a place to question the status quo.
Are we separate from wilderness?
“To some people, the word “wilderness” conjures thoughts that we are separate from nature, that the woods are unknown, untouched, perhaps mysterious, or even dangerous. This may create feelings of fear, excitement, adventure, longing for connection to nature… but when all thoughts of the individual components dissolve and we let go of the attachments or judgements we’ve given them, all we see is the beauty of the natural surroundings. We feel right at home, we want to care for and not take from the land, and we realize that we are not separate from nature but a part of it. The wilderness and all that it encompasses is not a mystery; it is us and it is home. It’s as familiar as looking in the mirror.”
-Karen Evanoff and Michelle Ravenmoon in “Respecting Elnena.”
Wilderness can mean different things according to our own worldview, but it can remind us of our collective stewardship responsibilities and interconnectedness.
Wilderness invites you to pause for reflection and question the status quo.
NPS Photo/K. Knick
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