XTO Energy Opens Natural Gas Liquids Recovery Facility in Butler County
XTO
Energy Inc., a subsidiary of ExxonMobil,
announced today the startup of a facility in southwestern Pennsylvania
to recover marketable liquids from the natural gas produced in Butler
County.
The 340-acre facility is the first of its kind for XTO in the Appalachia
region and includes 40 miles of connecting pipeline. Two gas compressor
stations feed the facility, which is designed to treat approximately 125
million cubic feet of natural gas per day.
'The facility will add value to XTO and Butler County,? said Tim
McIlwain, senior vice president, production operations for XTO. 'It
allows valuable liquids to be separated from natural gas and provides
economic growth in southwestern Pennsylvania.?
At the peak of construction, 170 local and regional contractors were on
site each day. XTO will employ 15 permanent employees to run the
operation.
Butler County is a vital part of XTO′s Appalachia division. In the past
four years, 50 wells have been drilled over 46,000 net acres in the
county.
About XTO Energy
XTO Energy Inc., a subsidiary of ExxonMobil, is a leading natural gas
and oil producer in the U.S. with expertise in developing tight gas,
shale gas, coal bed methane and unconventional oil resources. XTO has
operations in all major U.S. producing regions, and holds more than
417,000 acres in Pennsylvania.
In 2012, ExxonMobil paid more than $9 million in taxes to the state of
Pennsylvania, and invested more than $3.3 million in higher education,
medical care, environmental research and arts and civic organizations in
Pennsylvania.
CAUTIONARY STATEMENT: Expectations, business plans, and other statements
of future events or conditions in this release are forward-looking
statements. Actual future results, including project plans and timing
and production rates, could differ materially due to changes in market
conditions affecting the oil and gas industry or long-term oil and gas
price levels; the timing and terms of regulatory approvals and other
regulatory developments; the outcome of commercial negotiations;
reservoir performance; technical or operating factors; and other factors
discussed under the heading 'Factors Affecting Future Results' in the
Investors section of ExxonMobil′s website (www.exxonmobil.com)
and in Item 1A of ExxonMobil′s most recent Form 10-K. References to
quantities of oil and gas in this release include volumes that are not
yet classified as proved reserves but that we believe will be produced
in the future.
J.D. Estes, 817-885-3517
