Exxon to sell north Texas gas assets to BKV for $750 million
Yahoo! Finance
(Reuters) -Exxon Mobil Corp on Thursday said it signed a deal to sell north Texas natural gas properties to BKV Corp for $750 million plus addition payments based on future gas prices. Denver-based BKV Corp is majority owned by Thai energy firm Banpu PCL and among the largest natural gas producers now operating in the Barnett Shale, an area of north Texas where the first shale wells were successfully drilled. Exxon, the top U.S. oil producer, is looking to sell assets in Asia, Africa and Europ...
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