In the Gulf of Mexico ExxonMobil Production Company is soliciting bids for the sale of ExxonMobil Corporation's and/or Mobil Oil Exploration & Producing Southeast Inc.'s interest in the Main Pass 133 and Main Pass 283 field areas. These Main Pass fields contain a mix of operated and non-operated interests covering approximately 8,700 net acres.
This Gulf of Mexico property offering averaged an ExxonMobil cash profit (BFIT) of $4 million per month from net sales of about 3.7 thousand BOED in 2004. In May of 2005, ExxonMobil will open a data room in Houston, Texas and make a CD brochure available to prospective bidders in May. Bids will be due July 1, 2005. The effective date of the sale is September 1, 2005.
Onshore Texas: ExxonMobil Production Company is soliciting bids for the sale of its interest in Magnet Withers Field in Southeast Texas. This ExxonMobil-operated field consists of five leases with 55 oil and gas wells (27 active and 28 shut-in).
In 2004, ExxonMobil net sales averaged 268 BOPD and cash profit (BFIT) averaged $153K per month. A CD brochure containing ExxonMobil's sales instructions and sample agreements, accounting, geological, engineering data, and land descriptions will be available in early May. A data room will be open in Houston, Texas in mid-May. Bids will be due in mid-June. The effective date of the sale is August 1, 2005.
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