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1B for Celtic's gas operations
and Alberta and 42,[url=http://2013rogerviviershoessales.blogspot.com/][b]http://2013rogerviviershoessales.blogspot.com/[/b][/url],000 hectares in the emerging Duvernay shale in Alberta.
"This acquisition will prove to add significant liquids-rich resources to the existing North American unconventional portfolio," said Andrew Barry,[url=http://duveticashoponline.blogspot.com/][b]duvetica shop online[/b][/url], president of ExxonMobil Canada.
Celtic says the offer is going to be subject to review under the Investment Canada Act. That's the same legislation to which Industry Minister Christian Paradis is reviewing China National Offshore Oil Co.'s $15.1-billion offer for Calgary-based oil and gas producer Nexen Inc. to determine if the deal is of net help to Canada. The chance of the Chinese state-owned entity controlling a Canadian resource company has become a major political flashpoint in recent weeks. Last week,[url=http://rogervivieroutlet.webmium.com/][b]roger vivier australia store[/b][/url], Ottawa extended its review of the Nexen takeover by a month.
ExxonMobil continues to be active in Canada since the 1940s,[url=http://woolrichoutletde.albirank.net/][b]Woolrich Damen Parka[/b][/url]. natural gas giant XTO,[url=http://peutereyjacket.webmium.com/][b]Ricarda Christina and Peuterey Jacket With Front Pockets for sale[/b][/url].
"We've been doing a substantial amount of growth since our agreement with XTO here in america in the past. What we should got with XTO was sort of the expertise and the technology,[url=http://rogervivieroutlet.webmium.com/][b]roger vivier australia store Buy Roger Vivier Shoes In Roger Vivier UK Online Shop[/b][/url]," said ExxonMobil spokesman Alan Jeffers within an interview from Texas.
Recently,[url=http://cheapsoccercleatswithfreeshipping.webmium.com/][b]soccer cleats for sale[/b][/url], ExxonMobil has purchased acreage in other shale formations throughout The united states, like the Bakken in North Dakota and also the Marcellus in the northeastern Usa,[url=http://woolrichoutletde.albirank.net/][b]Woolrich Deutschland[/b][/url], Jeffers added.
The properties that ExxonMobil is acquiring from Celtic produce 72 million cubic feet per day of natural gas and 4,[url=http://duveticavestesfr.halod.com/][b]Doudoune Duvetica[/b][/url],000 barrels per day of crude,[url=http://duveticavestesfr.halod.com/][b]http://duveticavestesfr.halod.com/[/b][/url], condensate and gas liquids.
In the face of prolonged low natural gas prices,[url=http://cheapsoccercleatsonlinestore.blogspot.com/][b]cheap soccer cleats store[/url], producers have been targeting zones rich in gas liquids - an important feedstock towards the petrochemical and plastics industries - that more closely track oil prices than those of ordinary dry gas.
"We've said very consistently that our long-term look at gas is it's the fastest-growing fuel source,[url=http://woolrichschweizshop.albirank.net/][b]Woolrich Parka Winter Woolrich Online Shop Schweiz Sale Die Gute Qualität Woolrich[/b][/url]," said Jeffers. "We've recently,[url=http://duveticavestesfr.halod.com/][b]Doudoune Duvetica Femme online[/b][/url], just because of the premium on liquids,[url=http://cheapsoccercleatsonlinestore.blogspot.com/][b]cheap soccer cleats[/b][/url], concentrated on liquids,[url=http://monclerjackedeutschland.albirank.net/][b]Moncler Jacken Outlet Sale Moncler DaunenJacke Online Shop Deutschland[/b][/url], but we're still producing gas, we're still acquiring gas and liquids helpful information on development."
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