Exxon Mobil And A Houston Energy Company Make A Big Land Swap

Jordan Blum, Biz Journals
Thu, 09/18/2014 - 3:38pm

Exxon Mobil Corp. (NYSE: XOM) has a deal with Houston-based Linn Energy LLC (Nasdaq: LINE) for another huge land swap. Irving-based Exxon Mobil will receive 17,800 net acres in the Texas Permian Basin to be managed by its subsidiary, Fort Worth-based XTO Energy Inc. Linn, in turn, will get interest in about 500 net acres of Exxon Mobil’s South Belridge Field, which is near Bakersfield, California. Exxon Mobil is getting acreage in the Wolfcamp and Spraberry shales of the Permian's Midland Basin.…

Topics: corp nyse xom houston-based linn energy llc nasdaq line irving-based exxon mobil texas permian fort worth-based xto energy inc linn exxon mobil s south belridge field bakersfield california wolfcamp spraberry permian's midland exxon mobil basin land swap acres net

Place your ad here
Loading...

BING NEWS:

Why energy companies are choosing the west side of Houston
This year has seen high-profile energy companies like Noble, Baker Hughes, Fluor, and many others move into West Houston, it's more than just the new amenities.
04/26/2024 - 8:18 am | View Link
Exxon Mobil looks to carbon materials as possibility for its next business worth more than $1 billion
Exxon's CEO said he wants to "make sure people are beginning to think more broadly about what this company is capable of." ...
04/26/2024 - 4:35 am | View Link
Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
Led by megadeals from Exxon Mobil and Chevron, the upstream sector completed nearly $250 billion in M&A transactions from the beginning of 2023 through March. That leaves the OFS space now playing ...
04/26/2024 - 2:00 am | View Link
Black Gold Rush: 7 Oil Stocks Poised to Surge on Geopolitical Shockwaves
InvestorPlace - Stock Market News, Stock Advice & Trading Tips At the moment, targeting oil stocks might not seem the most compelling idea.
04/25/2024 - 11:00 pm | View Link
Exxon Mobil profit declines in 1st quarter as natural gas prices fall
Exxon Mobil's profit declined in its first quarter as natural gas prices fell and industry refining margins dropped. The energy company earned $8.22 billion, or $2.06 per share, for the three months ...
04/25/2024 - 10:55 pm | View Link
More

More Movie News

More Business News

This specific kind of commute is stressing women out
Fast Company, Friday - 04/26/2024 - 10:30 PM
It’s one that they do disproportionately more than men. Women do the bulk of caregiving, whether it’s for children, disabled adults, or the elderly. And according to new research published in Transportation Research Part D: Transport and Environment, they also do the bulk of caregiving travel, which means commuting to take those groups where they need to go, such as to school or to doctor appointments.
More | Talk | Read It Later | Share
Bill Gates selling off smaller property near Medina mansion
BizJournals, Friday - 04/26/2024 - 08:22 PM
The home is just down the street from Gates' mega-mansion — dubbed "Xanadu 2.0" — in Medina.
More | Talk | Read It Later | Share
Long-time Jacksonville tiki bar shutting its doors
BizJournals, Friday - 04/26/2024 - 07:51 PM
The hidden bar was known for its rum list and dim sum.
More | Talk | Read It Later | Share
Murray Hill restaurant says adios after six years
BizJournals, Friday - 04/26/2024 - 07:30 PM
The founders of the restaurant looked to bring authentic Tex-Mex to the First Coast.
More | Talk | Read It Later | Share
Round-up: May 4 elections across DFW
BizJournals, Friday - 04/26/2024 - 07:22 PM
Big-ticket bond proposals, mayoral, city council and school board races and more are on the ballot for the May 4 elections across North Texas. Read on to learn what's at stake.
More | Talk | Read It Later | Share
BNY Mellon sells Canadian trust business
BizJournals, Friday - 04/26/2024 - 07:18 PM
Sale of BNY Mellon Trust of Canada to Computershare expected to be completed by mid-year.
More | Talk | Read It Later | Share

Exxon Mobil And A Houston Energy Company Make A Big Land Swap

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Business News