Deal Insight
ExxonMobil exits Barnett Shale to BKV for US$750 million
Report summary
On 19 May ExxonMobil announced the sale of its operated and non-operated Barnet Shale gas assets to BKV Corporation for US$750 million, plus contingent payments based on gas price. The deal is expected to close in June 2022. ExxonMobil's exit from the Barnett does not come as a surprise, as the company removed the assets from its development plan in 2020. High commodity prices gave the major an opportunity to sell the non-core position at a good valuation.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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