Exxon Mobil received several offers for shale assets in Argentina’s Vaca Muerta formation in Patagonia earlier this month and is considering the bids, people familiar with the matter told Bloomberg’s Jonathan Gilbert. The assets, which comprise stakes it owns with QatarEnergy in seven oil-and-gas blocks in the shale patch as well as holdings in a pipeline, have been valued at around $1B, said the sources.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on XOM:
- Rayonier announces additional pore space lease pacts with ExxonMobil
- Exxon Mobil warns Europe it may invest its $20B elsewhere, FT says
- Exxon Mobil obtains exemption from Canadian Oil and Gas Reporting Obligations
- Activist investors accuse Exxon Mobil of using ‘bullying’ tactics, FT reports
- M & A News: FANG and Endeavor Energy Nearing $25B Merger Deal