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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