ExxonMobil Production Co. is soliciting bids to sell its nonoperated interests in properties in several fields located in the Permian Basin of West Texas and southeast New Mexico, as well as the Texas Gulf Coast.
The Permian Basin fields included in the sale are the Empire ABO unit, Jo Mill/Spraberry, the Sundown Slaughter unit, various Vacuum leases and several nonoperated interests associated with these fields. Along the Texas Gulf Coast, ExxonMobil wants to sell its nonoperated interest in the Hastings Field in Brazoria and Galveston counties.
The ExxonMobil Corp. subsidiary, which is based in Houston, did not disclose operating data on the fields or how much it expects to earn from the sale. However, a compact disk containing ExxonMobil’s sales instructions and sample agreements, accounting, geological, engineering data and land descriptions is available. ExxonMobil also will open a data room in Houston to prospective bidders in December.
Bids will be due by Jan. 28, and the effective date of the sale is May 1, 2008. For more information, contact Deborah Adams at (713) 656-5840 or at Deborah.L.Adams@exxonmobil.com.
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