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Exit: ExxonMobil sells Barnett shale stake for $750 million

May 20, 2022

Source: Upstream Energy Explored

Exit: ExxonMobil sells Barnett shale stake for $750 million

US supermajor ExxonMobil is selling for $750 million its stake in one of the world’s first actively produced shale plays, the Barnett shale of Texas in the US, to BKV Corporation. ExxonMobil in 2020 removed the company's Barnett holdings from its development plan and had been actively marketing the assets since last November.

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