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EXCO Resources, Inc. Announces Receipt of Proposal to Purchase All of Its Common Stock for $20.50 Per Share in Cash
EXCO Resources, Inc. (the "Company") (NYSE: XCO) announced today that its Chairman and Chief Executive Officer, Douglas H. Miller, has submitted to the Board of Directors a proposal to purchase all of the outstanding shares of stock of the Company not already owned by Mr. Miller for a cash purchase price of $20.50 per share.

Baker Hughes Opens Marcellus Shale Repair and Maintenance Center
Baker Hughes (NYSE: BHI) announced today the opening of its Hempfield Township, Pennsylvania, repair and maintenance center. The facility will support natural gas well drilling, completion and production operations in the Marcellus Shale. The 57,000-square-foot center represents a $16 million investment and is part of a multiyear $250 million infrastructure investment to support Marcellus Shale operations. Baker Hughes currently operates from 27 locations and employs nearly 1,000 people in the region.

ExxonMobil Announces Successful Drilling of Point Thomson Wells
ExxonMobil3 announced today that it has successfully drilled and tested the PTU-15 and PTU-16 development wells for the Point Thomson project on Alaska’s North Slope, ahead of the year-end 2010 target.

valero 4Q & 1Q Turnaround Schedule Update
Valero has updated its maintenance turnaround schedule. This list includes only major projects that will have a material impact on production, and it is subject to change. While we provide general guidance on the start and duration of the maintenance, we do not disclose specific beginning and end dates.

BP to Sell Interests in Four Gulf of Mexico Fields to Marubeni
BP today announced that it has reached agreement to sell its recently-acquired interests in four mature producing deepwater oil and gas fields in the US Gulf of Mexico to Marubeni Oil and Gas for $650 million.

Chevron Sanctions Jack/St. Malo Project in the Gulf of Mexico
Chevron Corporation (NYSE:CVX) today announced it has sanctioned development of the Jack/St. Malo project, its first operated project located in the Lower Tertiary trend in the deepwater U.S. Gulf of Mexico.

ExxonMobil Commissions New Ultra Low Sulfur Diesel Units at Baytown and Baton Rouge Refineries
ExxonMobil3 announced today it has completed commissioning of new units to produce ultra low sulfur diesel at its Baytown, Texas and Baton Rouge, LA refineries. This will enable ExxonMobil to increase the supply of ultra low sulfur diesel by over 3 million gallons a day from the refineries, and allow for reduced emissions from diesel consumption when used in modern engines.

Valero To Sell Its Interest In Cameron Highway Oil Pipeline Co. To Genesis Energy
Valero Energy Corporation (NYSE: VLO) today announced that it has signed an agreement to sell its 50 percent indirect equity interest in the Cameron Highway Oil Pipeline Co. to Genesis Energy L.P. for $330 million in cash.

NPRA Criticizes EPA Decision to Increase Ethanol in Gasoline
Gregory M. Scott, executive vice president and general counsel of NPRA, the National Petrochemical & Refiners Association, issued the following statement criticizing the decision announced today by the Environmental Protection Agency to approve the sale of gasoline containing 15 percent ethanol (E15) for late-model cars, up from the current limit of 10 percent ethanol (E10):

Gulf Coast Fractionators Announces Expansion of Its
Gulf Coast Fractionators, a partnership between ConocoPhillips [NYSE:COP], Devon Energy Corporation [NYSE:DVN] and Targa Resources Partners LP [NYSE:NGLS] ("Targa Resources Partners" or the "Partnership"), today announced plans to expand the capacity of its natural gas liquids fractionation facility located in Mont Belvieu, Texas. The maximum gross fractionation capacity of the facility will be expanded by approximately 42 percent (43,000 barrels per day) to 145,000 barrels per day.