ExxonMobil Corp.
Transaction Type
Sellers
Marketers
Basin
Gulf of Mexico
Field
Mississippi Canyon, Lena Deep
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 Mississippi Canyon 281, a channelized turbidite complex in a salt-withdrawal rim syncline. The assets include one ExxonMobil-operated platform with 17 producing wells. Net production is 475 barrels of oil and 300,000 cubic feet of gas per day. Cash flow is $350,000 per month.
Upside potential includes the Lena Deep exploration opportunity at 16,000 to 25,000 feet and 100- to 300 million BOE reserve potential.
The effective date is Feb. 1. Contact Cory Talash, 832-601-7685, ctalash@ogclearinghouse.com.