Exxonmobil

With its cash operating costs at less than $10/bbl, ExxonMobil Corp.’s Permian Basin and Bakken Shale developments “remain attractive and competitive, even in the current environment,” ExxonMobil Corp. CEO Rex Tillerson said Wednesday.

ExxonMobil Corp. has sharply reduced its capital spending plans this year but management is eyeing potential acquisitions while commodity prices are weak, CEO Rex Tillerson said Wednesday. The only issue is that sellers still have unrealistic price expectations, he said during the annual analyst conference in New York City.

ExxonMobil Corp. added 1 billion boe of proved oil and natural gas reserves in 2015, which replaced 67% of production and included a 219% replacement ratio for crude oil and other liquids, the supermajor said Friday. However, natural gas reserves fell, reflecting lower prices.

Natural gas will continue to gain market share through 2040, as anticipated, and with a big assist from renewable/low carbon fuels, will help reduce by half the carbon intensity over that period, ExxonMobil Corp. said Monday in its annual energy forecast.

ExxonMobil Corp.’s XTO Energy Inc. on Thursday sued the U.S. Department of Justice (DOJ) to force federal officials to release documents that could clear the producer of eight criminal environmental charges filed in 2013 in Pennsylvania.

Steven T. Schlotterbeck has been named president of EQT Corp. As part of a corporate realignment, Schlotterbeck will also retain his responsibilities as president of exploration and production. As president, though, EQT said he will assume responsibility for human resources; environment; health; and safety and external affairs. Schlotterbeck joined EQT in 2000, serving in various engineering and management positions until 2008 when he was promoted to serve as president of exploration and production.

ExxonMobil Corp. on Thursday “unequivocally” rejected allegations that it misled investors about how its operations may impact climate change after the New York attorney general launched an investigation.

After securing pledges of commitment to the Alaska LNG project from North Slope producers BP plc and ConocoPhillips, Gov. Bill Walker has dropped his plan to introduce legislation to create a reserves tax during a special session of the state legislature now in progress.

Aging natural gas wells that began producing in 1999 offshore Nova Scotia, part of the once heralded Sable Offshore Energy Project, may be plugged starting as soon as 2017, an ExxonMobil Canada Ltd. official said.