Transaction Details: 

ExxonMobil has signed a deal to more than double its position in the Permian Basin. The assets acquired are in the Northern Delaware Basin in Eddy and Lea county New Mexico.   The deal will see Exxon acquire this asset from the Bass Family owners of BOPCo.

Key Points:

• Deal Value: $6.6 billion

• Acreage: 275,000 net

• Production: 18,000 BOEPD net

• Resource Potential (estimate): 3.4 BBOE

Leasehold Map

ExxonMobil will make an upfront payment of $5.6 billion in ExxonMobil shares, and a series of additional contingent cash payments totaling up to $1 billion - totaling $6.6 billion.

The acquired companies, which include the operating entity BOPCO, hold about 275,000 acres of leasehold, and production of more than 18,000 net oil equivalent barrels per day, about 70 percent of which is liquids.

This includes about 250,000 acres of leasehold in the Permian Basin, the bulk of that in contiguous, held-by-production units in the New Mexico Delaware Basin, with more than 60 billion barrels of oil equivalent estimated in place.

BopCo Contact:

303 West Wall Street, Suite 500

Midland, Texas 79701

Phone: 432.683.2277

Fax: 432.687.0329

Permian - Delaware Basin Deal Activity In Last 12 Months