ExxonMobil to Sell Barnett Shale Assets for $750M
May 20, 2022
May 20, 2022
IRVING, Texas, May 20 -- ExxonMobil, an energy provider and chemical manufacturer, issued the following news release on May 19, 2022:
ExxonMobil said today it signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices.
* Sale supports corporate strategy to prioritize investments on advantaged assets with lowest cost . . .
ExxonMobil said today it signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices.
* Sale supports corporate strategy to prioritize investments on advantaged assets with lowest cost . . .