ExxonMobil quietly makes second shale deal

摘要

New York-Supermajor ExxonMobil proved on February 1 that it has quietly stepped up its game in unconventional natural gas plays by providing new details on a second shale deal cut in 2009.ExxonMobil increased its holdings in the Marcellus shale gas play through a 50:50 joint venture with Pennsylvania General Energy (PGE), David Rosenthal, ExxonMobil's vice president of investor relations, said in the company's fourth quarter 2009 earnings conference call. "We are encouraged by drilling results and production rates achieved so far," Rosenthal said.