ExxonMobil Corp.

Transaction Type
Basin
Gulf of Mexico
Field
Green Canyon
Post Date
Estimated Price
0MM
Description

ExxonMobil Corp. has retained The Oil & Gas Asset Clearinghouse to sell certain operated producing properties in the Gulf of Mexico in a negotiated transaction.

The package involves Green Canyon 19/60, blocks 18 and 60, an upper slope, turbidite deposition in 760 feet of water. The assets include 15 producing wells. Net production is 1,100 barrels of oil and 1 million cubic feet of gas per day. Monthly cash flow is $2.2 million.

Upside potential includes 12 proven undeveloped drilling locations of multi-target, low-risk locations at intermediate depths of 7,500 to 13,500 feet. Reserve potential is 18 million barrels equivalent.

The effective date is Feb. 1. Contact Cory Talash, 832-601-7685, ctalash@ogclearinghouse.com.