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Ohio Utica Shale

Exxon Mobil to boost its Bakken shale holdings

By Bob Downing Published: September 27, 2012

Exxon Mobil Corp. has announced plans to boost its holdings in the Bakken shale of North Dakota and Montana by 50 percent.

The company said it intends to spent $1.6 billion to increase its oil-rich Bakken holdings.

It intends to buy all of the Bakken shale assets held by Denbury Resources Inc. for cash. Denbury will also receive Exxon's interest in two oil fields in Wyoming and Texas.

Exxon will acquire 196,000 acres with the purchase. That will bring its Bakken holdings to nearly 600,000 acres.

The Exxon acreage is expected to produce 15,000 barrels per day in the second half of 2012.

That production will increase with additional wells.

The deal increase's Exxon's U.S. oil production by 3 percent.





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Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

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Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

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Rig Count Interactive Map by Baker Hughes, an energy services company.

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