Exxon to Sell Polish Shale Gas Assets

- February 10th, 2011

Reuters reports that Exxon Mobil Corp (NYSE:XOM) is looking to sell 49 percent of its interest in four shale gas concessions in the Podlasie Basin in southeastern Poland.

Reuters reports that Exxon Mobil Corp (NYSE:XOM) is looking to sell 49 percent of its interest in four shale gas concessions in the Podlasie Basin in southeastern Poland.

The market news is quoted as saying:

Exxon and other big oil companies, including Chevron Corp (CVX.N), have been building up positions in “unconventional” oil and gas assets, or those requiring technology like hydraulic fracturing to drill, in Europe as that region tries to decrease reliance on Russian gas.

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