Denbury, ExxonMobil ink $1.6 billion deal

摘要

Houston—Denbury Resources and ExxonMo-bil have reached a $1.6 billion deal that will boost one’s enhanced oil recovery plans, while increasing the Bakken footprint of the other. Denbury announced September 20 it will sell its Bakken Shale assets in North Dakota and Montana to ExxonMobil in return for $1.6 billion and ExxonMobil’s operating interests in properties in Texas and Wyoming. The Plano, Texas-based independent producer will also receive operating interests in the Webster Field in Texas and the Hartzog Draw Field in Wyoming. It said both are “ideal candidates” for carbon dioxide flooding and are close to Denbury’s existing or planned CO2 pipelines.