By OGJ editors
HOUSTON, May 5 -- ExxonMobil Corp. and Apache Corp. agreed to expand their farmout exploration and development activities in Alberta, building on a program announced last year (OGJ Online, May 24, 2004).
ExxonMobil Canada Energy will farm out its interests in 650,000 undeveloped acres to Apache Canada Ltd. It farmed out more than 370,000 acres to Apache Canada in 2004.
Under the new agreement, Apache will have access to 1,234 sections. In addition, Apache also will test additional horizons in 140,000 acres of the property conveyed in 2004.
Under the new agreement, Apache will operate 145 new wells drilled to shallow and deep zones over 36 months.
