Data points (some numbers rounded):
- XOM to add 1.4 million boe/d net to its production by 2016
- Oil will account for 80% of that new production
- "No bias (oil vs natural gas) for us one way or the other. Our bias is to make money."
- 2011 project startups: + 120,000 boe/d over 2010
- XOM's average reserve replacement cost during 2005 - 2009: $8/boe
- Proved reserves (2010): 25 billion boe; up 8 percent from 2009
Unconventional resources account for 40 percent of XOM's total boe resource base
- Of note: XOM has 410,000 net acres in the Bakken (MT and ND)
- Seven rigs in ND Bakken as of March 9, 2011
- In 2010: XOM drilled 63 Bakken wells
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