The US supermajor also confirmed on Monday that is it offloading Utica shale acreage to Aubrey McClendon’s American Energy Utica (AEU).
ExxonMobil shale unit XTO Energy is getting a “substantial operating equity” in approximately 34,000 gross acres in the Wolfcamp formation in Midland and Upton counties, Texas.
Endeavor is to continue as operator of shallow production with XTO to take over drilling and operatorship of horizontal wells in deeper horizons at the liquids-rich Permian basin play.
The
