Texas, USA
Status
Producing
Working Interest
50%
Navitas Reserves
11 MMBOE (2P)
Operator
ExxonMobil
Navitas holds a 50% working interest in four conventional oil and gas assets in southeast Texas: Webster, Thompson, Manvel and East Hastings fields. Navitas, as operator, successfully executed the first horizontal drilling campaign in those fields, which was completed in 2022. Furthermore, Denbury (subsequently acquired by ExxonMobil) executed an additional horizontal drilling and development campaign in 2023. Both drilling campaigns resulted in a significant increase in production. In Q1 2025, ExxonMobil sold its interest in the Webster and Thompson fields to PO&G Resources.
Partners
