ExxonMobil Corp.

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

ExxonMobil Corp. has retained The Oil & Gas Asset Clearinghouse to auction its interests in about 25,000 gross acres in the Mariposa Field in Brooks County, Texas.

The acreage includes 13 producing, operated wells and 15 non-operated, producing wells.

Net production was 14 barrels of oil per day and 2.56 million cubic feet (MMcf) of natural gas per day from working interest wells. In addition, the assets include a net six barrels of oil per day and 420 Mcf per day of natural gas from ORRI wells.

Gross production from the acreage is 180 barrels of oil per day and 5.05 million cubic feet of natural gas per day. The seller’s 2011 net operating profit from the acreage was $6.8 million.

The auction will be held Nov. 14 at the Sheraton North Houston. For additional information, contact Ken Reed, client services manager at The Oil & Gas Asset Clearinghouse, 281-873-4600.