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ExxonMobil discovers oil and gas in Argentina shale well; expands presence in Permian shale in US

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ExxonMobil Exploration Argentina, jointly with Gas y Petróleo del Neuquén, has discovered oil and gas in an unconventional shale well in Neuquén Province of Argentina. In exchange, LINN Energy will receive a portion of XTO’s interest in the Hugoton gas field in Kansas and Oklahoma. —Randy Cleveland, president, XTO Energy.

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