ExxonMobil's $59.5 billion all-stock acquisition of Pioneer Natural Resources closed in May 2024, consolidating the largest Permian operator under the largest U.S. integrated oil major. Pioneer's Midland operations — historically run out of 3617 N Big Spring Street (primary) and 4815 E Highway 80 (secondary) — continue as the operational base. Pioneer's former 1.1-million-square-foot global HQ at 777 Hidden Ridge Drive in Irving is being integrated into ExxonMobil's corporate footprint (ExxonMobil corporate HQ moved to Spring, TX in 2023 from Irving).
ExxonMobil offered jobs to approximately 1,900 Pioneer employees, and a majority accepted. Of the remaining workforce, 397 WARN-notified layoffs were filed between late 2024 and May 2026 — 376 in Irving, 18 in Midland, plus 3 unspecified (per the company's notice to the State of Texas). The integration is ongoing and generates a continuous mixed relocation flow: some Pioneer-era employees relocating to Spring TX (ExxonMobil HQ), some to Midland (operational role assignments), and some leaving the company entirely (the WARN-noticed layoffs).
For movers, the Pioneer-ExxonMobil corridor is the second-largest Permian relocation engine in the 2024-2026 cycle (after the Diamondback-Endeavor merger). The bidirectional volume — outbound Irving-to-Midland for Pioneer technical staff being assigned to operational roles, inbound Midland-to-Spring for executives moving to ExxonMobil corporate, and outbound departures driven by the WARN notices — keeps the relocation lane active.
Most Pioneer-now-ExxonMobil employees in Midland anchor in the Saddle Club / Heritage Oaks / Polo Park corridor or the Grassland Estates family-executive tier — same neighborhood patterns as Diamondback employees but with different corporate relo coordinators.