ExxonMobil Continues Expansion in the Marcellus, Buys Two More PA Drillers for $1.69 Billion, Adds Another 317K Acres of Leases | Marcellus Drilling News
ExxonMobil has just picked up another 317,000 acres of gas leases in the Marcellus Shale by purchasing two privately held Pennsylvania drilling companies for $1.69 billion. Since last year, ExxonMobil has become the largest producer of natural gas in the U.S. Exxon completed the purchases of Phillips Resources Inc., based in Warrendale, Pennsylvania, and TWP
