Jumping

Chesapeake Energy Corp. on Friday agreed to sell an estimated 99,000 net acres in southwestern Pennsylvania, including 10 wells, to EQT Corp. for $113 million, which puts the sale price at roughly $876/acre.

ExxonMobil Corp.’s profits climbed 6% year/year in 4Q2012, with annual earnings jumping 9%, despite a steep fall-off in global natural gas and oil production, the supermajor reported on Friday. Chevron Corp., however, reported strong year/year (y/y) earnings and higher production.

ExxonMobil Corp.’s profits climbed 6% year/year in 4Q2012, with annual earnings jumping 9%, despite a steep fall-off in global natural gas and oil production, the supermajor reported on Friday.

ExxonMobil Corp.’s profits climbed 6% year/year in 4Q2012, with annual earnings jumping 9%, despite a steep fall-off in global natural gas and oil production, the supermajor reported on Friday. Until natural gas prices are revived, the producer will direct most of North American unconventional spending on liquids and oil, the investor relations chief said Friday.

After a year of jumping through regulatory hoops, Canada’s biggest and oldest petrochemical complex, Nova Chemicals, is poised to become a U.S. export customer of unconventional gas and liquids.

After a year of jumping through regulatory hoops, Canada’s biggest and oldest petrochemical complex is poised to become a customer for exports of U.S. shale gas and liquids production.

Instead of jumping in, natural gas and oil companies instead may wade into the mergers and acquisitions (M&A) pool this year until they have more confidence in the broader business environment, according to the sixth Ernst & Young Global Capital Confidence Barometer.

Instead of jumping in, natural gas and oil companies instead may wade into the mergers and acquisitions (M&A) pool this year until they have more confidence in the broader business environment, according to the sixth Ernst & Young Global Capital Confidence Barometer.

Appalachian production for the exploration and production (E&P) arm of National Fuel Gas Co. escalated in the last quarter of 2010 at a triple-digit pace year/year, jumping 184% to 8.1 Bcfe, with most of the gains — 5.9 Bcfe — from the Marcellus Shale, executives said Friday.