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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.

Exxon adds more US shale

Reuters quoted an Exxon spokesperson that said the acquisition would leverage regional synergies between its XTO assets and the Phillips and TWP assets. Phillips and TWP hold total proved reserves of...

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