Exxon adds more US shale

EXXONMOBIL continues to bulk up its US shale gas assets, paying almost $1.7 billion for Phillips Resources and TWP, which together hold 317,000 acres in the Marcellus Shale.

10 June 2011
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Reuters quoted an Exxon spokesperson that said the acquisition would leverage regional synergies between its XTO assets and the Phillips and TWP assets.

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