27 April 2024
ExxonMobil buys Phillips Resources, with significant Marcellus acreage, for $1.69 billion
Publication date: 09 June 2011
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ExxonMobil has bought natural gas company Phillips Resources and related TWP for $1.69 billion, Reuters reported today. The sale will see the oil and gas giant pick up Phillips’ 317,000 acres in the Marcellus Shale Basin in the United States.