ExxonMobil

Transaction Type
Sellers
Marketers
Field
Mocane-Laverne Field
Post Date
Close Date
Estimated Price
MM
Description

ExxonMobil is offering operated interest in Mocane-Laverne Field in Beaver County, Oklahoma, via The Oil & Gas Asset Clearinghouse auction March 18. The package includes working interest between 25% and 100% with current gross production of 465,000 cubic feet per day. Cash flow in November was $52,000. The operated properties consist of all gas wells producing from the Tonkawa, Morrow and Chester formations. The wells began initial production in the late 1950s and early 1960s. Another package features nonoperated interests in Duval and Kleberg counties, Texas, as well as, Pittsburg County, Oklahoma. Working interest is between 18% and 45% with current gross production of 117 barrels of oil and 3.7 million cubic feet per day. Cash flow for November was $140,000. Go to ogclearinghouse.com.