Exxon Mobil Corp. (XOM) sold nine U.S. Gulf of Mexico oil and natural gas stakes to Energy XXI in a deal worth $1.01 billion.
The assets produce about 20,000 net barrels of oil a day, The Wall Street Journal said. They contain net proved and probable reserves of 66 million barrels of oil equivalent (BOE), of which 61% is actually oil.
“The ExxonMobil properties are an extraordinary fit with our…
Continue reading Exxon Mobil Sells $1 Billion of Gulf of Mexico Assets
Exxon Mobil Sells $1 Billion of Gulf of Mexico Assets originally appeared on DailyFinance on Mon, 22 Nov 2010 07:21:00.
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