Exxon Mobil Selling Some Mature Oil, Gas, Pipeline Assets

Exxon Mobil Corp. is putting up a small portion of its U.S. Gulf of Mexico oil and gas producing assets for sale, as well as some pipeline holdings in the area, the company said Tuesday. The largest U.S. oil company by market capitalization said in a statement that the sale is part of the normal management of its portfolio.

Cabot Oil & Gas Corp said it closed on a new credit facility that increased the existing credit line by 80 percent to $900 million and extended the maturity period by five years to 2015. The company, which established a borrowing base of $1.5 billion, also said it started producing its second Eagle Ford oil shale well in Texas, with a production rate of 759 barrels of oil and 1 million cubic feet per day.

Jude    Oil and Gas     Cabot Oil & Gas Corp., Dan Dinges, Eagle Ford oil shale well, Exxon Mobil Corp, Gulf of Mexico, largest U.S.oil company, oil and gas, oil and gas production

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