Exxon Mobil Corporation reported an agreement that will significantly increase its production acreage in the prolific Bakken oil shale region in the U.S. states of North Dakota and Montana.

ExxonMobil and its subsidiary, XTO Energy, signed an exchange agreement with Denbury Onshore, LLC, a subsidiary of Denbury Resources Inc., to acquire 100 percent of Denbury's Bakken shale assets, which consist of approximately 196,000 net acres in North Dakota and Montana, with expected production in the second half of 2012 of more than 15,000 oil equivalent barrels per day.

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