Imperial Oil (NYSE:IMO) says it plans to jointly market its interests in XTO Energy Canada with 50-50 partner Exxon Mobil (NYSE:XOM), part of its strategy to focus upstream resources on key oil sands assets.
The assets include 568K net acres in the Montney shale, 85K net acres in the Duvernay shale and additional acreage in other areas of Alberta.
Net production from the assets totals ~140M cf/day of natural gas and 9K bbl/day of crude, condensate and natural gas liquids.