Archive for 'Exxon Mobil'

Full Speed Ahead in the Marcellus for Chevron & Exxon Mobil

Not every driller is pulling back from drilling natural gas to focus on oil and gas liquids. In fact, for two of the largest energy companies in the U.S., it’s full speed ahead with drilling in the Marcellus. Those two companies? Chevron and Exxon Mobil. Chevron is planning to double its drilling in the Marcellus [...]

Exxon, GE Donate $1M Each for Shale Best Practices Training

Exxon Mobil and General Electric announced yesterday that each company is investing $1 million to help fund training in shale development best practices at three universities, including PennState.

Exxon to Drill First Ohio Utica Shale Well in Belmont County

According to press reports, XTO Energy—a subsidiary of Exxon Mobil—will drill its first Ohio Utica Shale well in Belmont County.

Correction: Exxon Buys 25K Acres of Utica Shale Leases in OH

Two days ago MDN reported, based on copies of paperwork filed with Monroe County, Ohio, that Exxon Mobil via its subsidiary XTO Energy had acquired 13,200 acres of Utica Shale gas leases from Beck Energy (see this MDN story). It turns out there’s more to the story. MDN received a copy of an additional purchase [...]

Exxon Buys 13,200 Acres of Utica Shale Leases in Ohio

Exxon Mobil, through it’s subsidiary XTO Energy, recently acquired just over 13,200 acres of Utica Shale leases from Beck Energy Corp. in Monroe County, Ohio. A copy of the Bill of Sale, dated Dec. 20, 2011, is embedded below, containing a list of all the parcels in the transaction. Terms of the purchase are not [...]

Exxon Pays for After Hours Access to OH Property Records

Interest from drilling companies in Eastern Ohio continues to be red hot with respect to the Marcellus and Utica Shales, as proven by how local county offices are overrun with researchers wanting access to property deed records. One such place is the Belmont County Recorder’s office in Belmont, Ohio. One company, Permian Oil (acting as [...]

Exxon Acquiring Acreage in OH Utica Shale for Oil Drilling

A rather generic story put out by Reuters yesterday refers to Exxon Mobil’s interest in acquiring acreage in the Utica Shale in Ohio as a new source of oil drilling. Details are sparse about Exxon’s plans, but it points out the white-hot interest there is in Ohio’s Utica Shale since Chesapeake announced in July they [...]

Belmont County, OH Landowners Sign Utica Shale Leases

A number of landowners from Belmont County, Ohio made the trip to Wheeling, WV last week to sign leases to allow drilling in the Utica Shale on their property. The leases were signed with XTO Energy, now a subsidiary of Exxon Mobil. The price landowners got for Utica leases rivals the highest prices MDN has [...]

South Butler School Signs Lease with Exxon Mobil Phillips

The South Butler County School District (Butler County, PA) school board, after a year and a half of meetings and research, has voted to lease school district land for Marcellus Shale gas drilling. The lease is with Phillips Resources, recently bought by and now part of Exxon Mobil, and includes some interesting provisions, including an [...]

The 10 Largest Natural Gas Drillers in the U.S.

ProPublica recently compiled a list of the top 10 natural gas drillers in the U.S. based on daily natural gas production volume. The list includes gas drilled by both “traditional” vertical drilling as well as “non-traditional” horizontal hydraulic fracturing. Or think of it as non-shale gas and shale gas—companies who drill for both are in [...]

Eastern Ohio Landowner Group Nears Deal for Marcellus Lease – Terms Include $3,700 per Acre, 17.5% Royalty

A group of landowners with 20,000 acres in Jefferson County and Harrison County, in eastern Ohio, is nearing a lease deal to allow Marcellus Shale drilling. One of the energy companies in the final bidding is XTO Energy (now a division of Exxon Mobil).

XTO Energy (ExxonMobil) Invokes Force Majeure Clause in Contract with Deposit (NY) Landowner Coalition

In 2008, the Deposit (NY) Landowner Coalition, with some 500 members, signed the first large scale leasing deal in New York’s Southern Tier region. The least was signed with XTO Energy which has subsequently been bought by ExxonMobil. The deal gave landowners $2,411 up front for leasing, and a 15 percent royalty when drilling begins. [...]

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