ExxonMobil

Transaction Type
Sellers
Marketers
Basin
Gulf of Mexico
Post Date
Close Date
Estimated Price
MM
Description

ExxonMobil has retained The Oil & Gas Asset Clearinghouse to sell certain operated and nonoperated assets in the Gulf of Mexico in a negotiated sale.

The assets include three packages: the Mississippi Canyon 281, Eugene Island 314/315/330 and Green Canyon 19 & 60 (Blocks 18 & 60). The Eugene Island blocks 314/315 are nonoperated. The properties feature 61 producing wells and 17 shut-ins, with seven platforms in three field areas.

Net production is 2,900 barrels of oil and 7 million cubic feet of gas for a total of approximately 4,066 barrels of oil equivalent per day. Net monthly cash flow is $4 million. Reserves on the MC 281 prospect range from 100- to 300 million barrels.

Upside includes future drilling opportunities in the blocks.

The bid due date is Dec. 21. Data rooms open in late November. The effective date is Feb. 1, 2011. Contact Cory Talash, 832-601-7685, ctalash@ogclearinghouse.com.