Exxon Mobil (NYSE:XOM) plans to sell a portion of its assets in North Dakota's Bakken shale formation, aiming to fetch at least $500M, Reuters reported Tuesday. Exxon (XOM) is "exploring market interest for select assets in the Bakken Shale Play,

XOM plans to sell part of its North Dakota Bakken shale assets. This move is expected to generate more than $500 million as the company refocuses on high-growth regions.

Top U.S. oil producer Exxon Mobil Corp plans to sell a portion of its assets in North Dakota's Bakken shale formation, the company told Reuters on Tuesday. Following a wave of megamergers in U.S. shale patches,

The sale, which could potentially bring in upwards of $500m, forms part of Exxon's broader strategy of regular portfolio assessment.