ExxonMobil Eyes $500M Sale of Bakken Shale Assets in North Dakota
XOMExxonMobil(XOM) ZACKS·2024-10-16 23:16

Exxon Mobil Corporation (XOM) , the largest oil producer in the United States, is reportedly looking to sell some of its assets in North Dakota’s Bakken shale formation. According to a Reuters report, the company aims for a deal that could fetch at least $500 million.ExxonMobil is exploring market interest for a portion of its Bakken shale holdings, which include approximately 137 operated and 676 non-operated and royalty wells across 49,000 net acres in North Dakota. The planned sale could fetch more than ...