200 Million Acquisition of Mobile Bay Assets from ExxonMobil June 2019 Creating Value in the Gulf of Mexico
Mobile Bay Acquisition Key Transaction Highlights Acquiring ExxonMobils interests and operatorship in the eastern region of the Gulf of Mexico, offshore Alabama, as well as related onshore treating facilities that are adjacent to…
Mobile Bay Acquisition XOM Producing Fields Acquiring nine producing fields 108,000 gross acres Initial production in 1989 Water depths of 10 50 ft 4
Mobile Bay Acquisition Gas Treating Facilities Yellowhammer Facility W&T Onshore Treatment Facility ExxonMobil 100% W&T ownership Established 1991 200 MMcfd capacity 50 MMcfd gross current throughput 100% XOM ownership…
Mobile Bay Acquisition Excellent Bolt-on Opportunity ACQUISITION CRITERIA Q119 net production of 19,800 BOEPD Generating Cash Flow Total operating cash flow for 2018 was 70 million Strong current production Eight of nine fields…
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