Exxon Mobil on Monday launched a sale of its oil and gas properties in the first major U.S. shale field as part of a portfolio reshuffling to focus on more lucrative assets, reported Reuters.
The assets include its Barnett Shale holdings that include 2,700 wells across about 182,000 acres in North Texas. The producing properties are valued at between $400 million and $500 million, according to a person familiar with the matter.
