ExxonMobil eyes Barnett shale sale: press
ExxonMobil has launched the sale of its oil and gas assets in the Barnett shale, Reuters reported on November 16 citing a company spokesperson.
The US major wants to raise $15bn from divestments over the next three years, and has put a number of its US and international assets up for sale. Having sold operations in Norway and the UK in the last two years, it is currently in the process of divesting its stake in the Neptun gas field off Romania to local player Romgaz
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
ExxonMobil is opening a data room on November 19 for its Barnett holdings, comprising 2,700 wells across about 182,000 acres in north Texas, Reuters reported. The assets flowed 227mn ft3/day of gas in the first half of this year, having halved since 2016.
Citing a source, the news agency said the sale could earn between $400-500mn. Bids are due on December 21, and ExxonMobil hopes to close a deal in January.
The major is also looking for buyers for its Fayetteville shale assets, Reuters reported in August.