Earlier this year, we reported that the world’s largest company had moved into Arkansas and acquired a sizable footprint in the Fayetteville Shale Play. That footprint looks to get bigger. ExxonMobil has agreed to buy Petrohawk Energy Corp.’s natural gas wells and pipelines in Arkansas. The $650 million deal gives ExxonMobil the third and fourth [...]
Independent energy company Petrohawk Energy Corp (HK.N) sold its natural gas assets in Fayetteville shale, Arkansas, to Exxon Mobil Corp (XOM.N) unit XTO Energy for $650 million, in a deal that analysts said undervalued the assets. Petrohawk shares were down 2 percent at $18.26 in midday trade on Thursday on the New York Stock Exchange, [...]
ExxonMobil subsidiary XTO is set to begin drilling Dallas’ first shale gas well, which is located in the Barnett Shale play. Compared to the rest of Texas, Dallas has not jumped on the shale gas boom as quickly as other cities, mostly because experts say there is less gas in Dallas than in other parts [...]
Royal Dutch Shell Plc and Devon Energy Corp. may join Exxon Mobil Corp. as buyers of U.S. shale- gas producers or projects, the chief executive officer of gas developer Range Resources Corp. said. Range Resources CEO John Pinkerton said in an interview yesterday his company may be a partner or target for oil companies, like [...]
