Exxon Mobil, Imperial Sell Canada Shale Assets for $1.5 Billion Cash
Transaction Type
Sellers
Buyers
Basin
Western Canadian Sedimentary Basin; Duvernay Shale; Montney Shale
Announce Date
Post Date
Estimated Price
1.9BB
Description
To purchase XTO Energy Canada ULC, jointly owned by Imperial and ExxonMobil Canada; includes 567,000 net acres in the Montney Shale, 72,000 net acres in the Duvernay Shale and additional acreage with net production of 140 MMcf/d of natural gas and about 9,000 bbl/d of crude, condensate and NGL. (Expected to close 3Q 2022)