ExxonMobil to Sell Interests in Certain U.S. Properties

ExxonMobil is offering to sell a significant package of South Louisiana oil and gas producing properties located in the Southeast Gueydan and Kaplan field areas. The fields being offered contain approximately 2,800 net ExxonMobil acres in Vermilion Parish, Louisiana, and are a mix of both operated and non-operated interests.

ExxonMobil desires to offer the properties in smaller field groups to better meet the market expectations of potential buyers. These South Louisiana properties are currently generating an ExxonMobil cash profit of $1.8 million/month from net sales of about 1,500 BOEPD.

In Wyoming, ExxonMobil is soliciting bids for the sale of its interest in Hartzog Draw Unit located in Campbell and Johnson Counties, Wyoming. The company has a 72.543% working interest in its operated Hartzog Draw Unit in the Powder River Basin of northeastern Wyoming. The Hartzog Draw Unit is currently under waterflood in the unitized Cretaceous Shannon formation and is believed to have additional enhanced oil recovery potential via CO2 injection.

This sale offering also includes ExxonMobil's rights to all depths outside of the unitized Shannon formation but within the Hartzog Draw Unit boundary. Additionally, ExxonMobil has an estimated 12,860 net undeveloped acres within the unit which is believed to have coalbed methane development potential. It is ExxonMobil's intent to solicit separate bids for oil and gas rights to all depths, and for coalbed methane rights only. For more information, please visit IndigoPool.com.

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