ExxonMobil buys interest in Williams reserves

RBC — Williams announced last week it expects to receive approximately $71 million as a result of ExxonMobil’s exercise of its contractual option to purchase an interest in a portion of the Piceance Basin reserves Williams acquired in May.
With the effect of this transaction, Williams’ recently acquired assets now represent 1.3 trillion cubic feet equivalent (Tcfe) of probable and possible reserves on 10-acre spacing. That brings Williams’ total probable and possible reserves in the…