Exxon (NYSE:XOM) Planning Sale of Polish Shale Gas Assets

Exxon Mobil (NYSE:XOM) has plans to sell 49 percent of its stake in four Polish shale gas concessions, according to divestiture advisory firm IndigoPool, located in the Podlasie Basin in southeast of the country.

Once they divest of the 49 percent interest in the shale, they will continue on as operator of the fields.

Exxon, which also has shale acreage in Germany, is working with the European Union on shrinking their dependence on gas from Russia.

On February 16 an online data room will be opened on the website of IndigoPool.

Exxon closed Thursday at $83.20, gaining $0.65, or 0.79 percent.