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CenterPoint Energy, XTO Energy Sign Crude-Gathering Pact in Bakken Shale

Exxon Mobil Corp. (XOM) unit XTO Energy Inc. agreed to gather Bakken shale oil production into a new crude oil gathering system being built by a subsidiary of CenterPoint Energy Inc. (CNP), the companies said Tuesday.The agreement is the first secured for the proposed pipeline, which will have a capacity to gather 19,500 barrels per day. It underscores the rapid buildup of infrastructure taking place in the shale plays that are underpinning a big boost in U.S. oil output.The Bakken shale is located in North Dakota, and has turned the state into the second-largest producer of crude after Texas. Limited infrastructure in the region has led many producers there to ship their oil via rail, and the bottleneck has produced a discount in the price of crude extracted in the region.Write to Angel Gonzalez at angel.gonzalez@dowjones.comOrder free Annual Report for CenterPoint Energy, Inc.Visit http://djnewswires.ar.wilink.com/?link=CNP or call 1-888-301-0513Order free Annual Report for Exxon Mob...

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    Exxon Mobil Corp.'s (XOM) third-quarter earnings fell 7.4% on lower production and weaker realized liquids and natural gas prices, offsetting benefits from stronger ...

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  3. ExxonMobil Boosts Bakken Shale Acreage by 50%

    ExxonMobil (NYSE:XOM) agreed on Thursday to buy additional acreage in the oil-filled Bakken shale region in North Dakota and Montana from Denbury Onshore for $1.6 bi...

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  5. Tax Hike for Arkansas Natural-Gas Producers on Hold

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  6. Effort to Raise Tax on Arkansas Natural-Gas Producers Falls Short

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  7. Exxon Mobil Seen Sharply Boosting Dividend This Month

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  8. Exxon Mobil's Natural-Gas Push Could Hit Small US Producers

    Exxon Mobil Corp.'s (XOM) decision to leave its U.S. natural-gas output untouched despite low commodity prices may push some smaller producers out of the business, f...

  9. Exxon 4Q Profit Edges 1.6% Up Amid Higher Oil Prices

    Exxon Mobil Corp. (XOM) said Tuesday its fourth-quarter earnings edged higher 1.6% as climbing crude prices helped the world's largest publicly traded oil company to...

  10. Exxon Mobil 4Q Profit Rises 1.6% Amid Higher Prices

    DOW JONES NEWSWIRESExxon Mobil Corp.'s (XOM) fourth-quarter earnings edged up 1.6% as high oil prices offset impacts from lower production and weak refining margins....

  11. Exxon profit rises 41 percent but output down

    By Anna DriverExxon Mobil Corp's profit rose 41 percent in the third quarter, as gains in crude oil prices and higher refining margins boosted results while producti...

  12. Exxon profit rises 41 percent, shares higher

    By Anna DriverExxon Mobil Corp's profit rose 41 percent in the third quarter, slightly ahead of Wall Street estimates, as gains in crude oil prices and higher refini...

  1. Exxon to Invest $190 Billion Over Next 5 Years on New Resources Opportunities

    Exxon Mobil Corp. (XOM) will increase its annual spending on energy projects by $1 billion, Chairman and CEO Rex Tillerson said in the company's annual analyst meeti...

  2. Exxon to Invest $190 Billion in New Opportunities

    Exxon Mobil Corp. (XOM) plans to invest about $190 billion over the next five years on new exploration and development opportunities as energy demand continues to gr...

  3. Exxon Completes Buy of Celtic Exploration

    Celtic Exploration Ltd. (CLT.T) said Tuesday that Exxon Mobil Corp.'s (XOM) 2.59 billion Canadian dollars (US$2.52 billion) acquisition of Celtic has closed and that...

  4. Exxon Replaced 115% of Production in 2012

    Exxon Mobil Corp. (XOM) said Tuesday that in 2012 it added in reserves slightly more oil and gas than it produced, with the majority of the new reserves coming from ...

  5. Exxon Mobil Profit Up 5.9% on Strong Downstream Profits

    Strong refining profits helped push Exxon Mobil Corp.'s (XOM) 2012 earnings close to their historical record, despite disappointing production figures and tepid retu...

  6. Exxon Mobil Net Up 5.9% on Strong Downstream Profits

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  7. Exxon's Profit Falls 7.4% as Oil, Gas Production Drops

    Exxon Mobil Corp.'s (XOM) third-quarter earnings fell 7.4% as it fetched lower prices for its oil and gas and production fell to its lowest level in three years.Prof...

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