Reserve Estimates Reserve Estimates The SEC permits oil and natural gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves that meet the SECs definitions for such terms. The Issuers may use…
ExxonMobil Trade Summary LINN signed a definitive agreement to trade a portion of its Permian Basin properties to ExxonMobil for operating interests in the Belridge Field in Californias San Joaquin Valley Expected closing in Q4…
ExxonMobil Trade Strategic Benefits Acquired excellent MLP assets with a shallow decline rate of 10% and reserve life of 22 years Strategic Portfolio Expected to lower corporate decline rate and reduce capital intensity Shift…
California San Joaquin Valley Trade Overview San Joaquin Valley LEGEND 3.4 MBoe/d of production (100% oil) LINN Assets I-5 KERN COUNTY XOM Trade Assets Decline rate of 10% and reserve life of 22 Oil Field years Lost Hills Poso…
Midland Basin ExxonMobil Assets Trade Overview Midland Basin Approximately 4.7 MBoe/d of production Terry Lynn Garza Yoakum 17,000 net acres Midland Borden Gaines Basin Area 1 (acreage and production), includes acreage in Scurry…
Trade Overviews Unlocking Value Traded Received Proved Net Decline Proved Net Decline Basin Production Reserves Acreage Rate Basin Production Reserves Acreage Rate ExxonMobil Midland 2 MBoe/d 164 25,000 35% Hugoton 85 MMcfe/d 700…