Wednesday, January 5, 2011

Exxon Mobile Corp. (XOM) - Bossier Shale Update

By Andrea:

During the 3rd quarter of 2010, Exxon Mobile Corp. (XOM) finalized a merger agreement with Ellora Energy. This acquisition has increased our position in the attractive Haynesville/Bossier plays by 46,000 acres and added current production and pipeline capacity. In addition, our gas marketing team is working with XTO to optimize shipping, processing and marketing activities across our United States portfolio. We are also capturing reverse integration benefits in legacy Exxon Mobil operations both in the United States and overseas.

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