Exxon Mobil Corp Acquires Celtic Exploration for $2.6 Billion

The Calgary Herald reported that Exxon Mobil Corp (NYSE:XOM) announced that it has acquired Celtic Exploration Ltd (TSX:CLE)  for C$2.6 Billion in an effort to increase its presence in Western Canada.

As quoted in the market report:

The deal, announced Wednesday, will give the world’s largest publicly traded  energy company vast tracts in the liquids-rich Montney shale in the province of  British Columbia, along with holdings in the Duvernay shale and other areas in  the province of Alberta.

To view the full Calgary Herald report, click here.