ExxonMobil adds Marcellus acreage

摘要

ExxonMobil Corp., Irving, Texas,(NYSE: XOM) via subsidiary XTO Energy Inc., has added another 317,000 acres in Pennsylvania's Marcellus shale via the acquisitions of privately held Phillips Resources Inc., Warrendale, Pa., and TWP Inc., Butler, Pa., for $1.69 billion in cash. The assets, centered in southwestern Pennsylvania, bring ExxonMobil's total Marcellus holdings to 707,000 net acres. The major expects the merger to leverage regional synergies in upstream operations and acreage holdings between XTO Energy, which it acquired in 2010, and the Phillips companies.