Thursday, September 20, 2012

Exxon Buys Denbury's Bakken Acreage

Exxon Mobil Corp. reportedly has agreed to buy Denbury Resources Inc.'s Bakken assets for $1.6 billion in cash and interests in two oilfields. The deal is said to be for 186,000 acres in North Dakota and Montana, which would increase Exxon's Bakken acreage by 50%. The assets being acquired are expected to produce 15,000 barrels of oil equivalent per day in the second half of 2012. Read more

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