ExxonMobil Corp.

Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
0MM
Description

ExxonMobil Corp. (NYSE: XOM) has retained The Oil & Gas Asset Clearinghouse to coordinate the sale of its interest in the Word and North Word Fields in Lavaca County, Texas in a negotiated transaction.

The assets include 39 operated, producing wells in which the seller has a 90% working interest. The net revenue interest is about 67%.

The assets include 13 non-operated producing wells which have a combined net production of about 60 barrels of oil per day and 4.8 million cubic feet (MMcf) per day of natural gas. The combined net cash flows are $400,000 per month.

The effective date is Oct. 1 and the data room is scheduled to open Oct. 10. Bids are due Nov. 8. For additional information, contact Kevin Townsend at The Oil & Gas Asset Clearinghouse at 281-873-4600.