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RimRock Announces Acreage Swap with XTO Energy
February 11, 2021 GMT
GREENWOOD VILLAGE, Colo., Feb. 11, 2021 /PRNewswire/ -- RimRock Oil & Gas (“RimRock” or “the Company”), an oil and gas exploration and production company focused on the Williston Basin of North Dakota, today announced the completion an Exchange Agreement with XTO Energy Inc. (“XTO”), a subsidiary of Exxon Mobil Corporation.
Under the terms of the agreement, RimRock and XTO exchanged approximately 5,500 net acres and associated production located in Dunn County, North Dakota. RimRock now operates its entire land position with an average 85% working interest across approximately 31,500 gross acres, including a subset of acreage previously operated by XTO.