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Exxon Offloads Bakken Assets to Chord

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Published:
Mon, May 22, 2023
Author
Jeffrey Cavanaugh, New Orleans
Editor
Casey Merriman
Mergers,Acquisitions,Key,Businesses,Joining,Combining,Together,Deal
kenary820/Shutterstock

Chord Energy announced Monday that it will acquire about 20% of Exxon Mobil’s Bakken tight oil assets in a $375 million deal aimed at adding inventory that can optimize well placement and drilling efficiency.

Topics:
Shale, M&A, Corporate Strategy , Majors, Independent E&Ps
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