• Sonntag, 11 Mai 2025
  • 18:46 Frankfurt
  • 17:46 London
  • 12:46 New York
  • 12:46 Toronto
  • 09:46 Vancouver
  • 02:46 Sydney

ExxonMobil to Increase Production and Acreage in Bakken Oil Shale Region

20.09.2012  |  Business Wire

  • Agreement enables exchange of properties by ExxonMobil and Denbury
    Resources

  • ExxonMobil′s Bakken acreage to increase by 50 percent to nearly
    600,000 acres

Exxon
Mobil Corporation
(NYSE:XOM) today announced an agreement that will
significantly increase its production acreage in the prolific Bakken oil
shale region in the U.S. states of North Dakota and Montana.


ExxonMobil and its subsidiary, XTO Energy, signed an exchange agreement
with Denbury Onshore, LLC, a subsidiary of Denbury Resources Inc., to
acquire 100 percent of Denbury′s Bakken shale assets, which consist of
approximately 196,000 net acres in North Dakota and Montana, with
expected production in the second half of 2012 of more than 15,000 oil
equivalent barrels per day.


The agreement increases ExxonMobil′s holdings in the Bakken region by
about 50 percent to nearly 600,000 acres, giving the company a
significant presence in one of the major U.S. growth areas for onshore
oil production.


'This agreement provides a strategic addition to ExxonMobil′s North
American unconventional resource base,? said Andrew P. Swiger, senior
vice president of Exxon Mobil Corporation. 'ExxonMobil′s financial and
technical strength will support continued development of America′s
natural resources, which strengthens U.S. energy security while creating
jobs and new government revenues for vital services.?


In exchange for its Bakken shale assets, Denbury will receive $1.6
billion in cash and acquire ExxonMobil′s interests in the Hartzog Draw
field in Wyoming and Webster field in Texas, which currently produce
about 3,600 net oil equivalent barrels per day of natural gas and
liquids.


The Bakken shale acreage will be operated by ExxonMobil subsidiary XTO
Energy, which is a leading U.S. oil and natural gas producer and has
expertise in developing tight gas, shale gas, coal bed methane and
unconventional oil resources. XTO has operations in all major U.S.
producing regions.


The agreement is subject to regulatory approval and due diligence
reviews.


CAUTIONARY STATEMENT: Expectations, business plans, and other statements
of future events or conditions in this release are forward-looking
statements. Actual future results, including project plans and timing
and production rates, could differ materially due to changes in market
conditions affecting the oil and gas industry or long-term oil and gas
price levels; the timing and terms of regulatory approvals and other
regulatory developments; the outcome of commercial negotiations and
satisfaction of contractual closing conditions; reservoir performance;
technical or operating factors; and other factors discussed under the
heading 'Factors Affecting Future Results' in the Investors section of
our website (www.exxonmobil.com)
and in Item 1A of our most recent Form 10-K. References to quantities of
oil and gas in this release include volumes that are not yet classified
as proved reserves but that we believe will be produced in the future.

About ExxonMobil

ExxonMobil,
the largest publicly traded international oil and gas company, uses
technology and innovation to help meet the world′s growing energy needs.
ExxonMobil holds an industry-leading inventory of resources, is the
largest refiner and marketer of petroleum products, and its chemical
company is one of the largest in the world. Follow ExxonMobil on Twitter
at www.twitter.com/exxonmobil.


ExxonMobil

Media Relations, 972-444-1107



Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



© 2007 - 2025 Rohstoff-Welt.de ist ein Mitglied der GoldSeiten Mediengruppe
Es wird keinerlei Haftung für die Richtigkeit der Angaben übernommen! Alle Angaben ohne Gewähr!
Kursdaten: Data Supplied by BSB-Software.de (mind. 15 min zeitverzögert)