Deal Insight
ExxonMobil exits Barnett Shale to BKV for US$750 million
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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 the following images and tables:
- 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:
