Last December, Argentina’s major oil and gas company YPF discovered some 4.5 trillion cubic feet of unconventional gas in the southwest province of Neuquén. The find has the potential to totally transform the country’s (and the region’s) energy future. It pushes Argentina’s energy reserves to 774 trillion cubic feet — making it the third largest [...]
Exxon Mobil Corp. will continue acquiring shale gas assets in United States to take advantage of low natural gas prices, said a senior executive of the company’s XTO Energy Inc. subsidiary. “We think the market dynamics are set up to where you can potentially get good value, so we will continue to look,” XTO Energy [...]
Oil prices may have stormed back into the headlines by crossing the ominous $100 a barrel threshold in recent weeks. But while this has happening the world’s largest oil and gas companies have been banging the drum for an altogether less newsworthy fuel–natural gas. ExxonMobil, Royal Dutch Shell and now BG Group have been arguing [...]
Exxon Mobil Corp (XOM.N: Quote) said on Wednesday that it will continue to look for unconventional assets to buy as it seeks to grow that part of its business following last year’s acquistion of XTO Energy. “We will continue to evaluate acquisitions,” Mark Albers, senior vice president for Exxon, told the Goldman Sachs Global Energy Conference. [...]
Independent energy company Petrohawk Energy Corp (HK.N) sold its natural gas assets in Fayetteville shale, Arkansas, to Exxon Mobil Corp (XOM.N) unit XTO Energy for $650 million, in a deal that analysts said undervalued the assets. Petrohawk shares were down 2 percent at $18.26 in midday trade on Thursday on the New York Stock Exchange, [...]
The government of India is finalizing a new policy for exploring shale gas that will provide states a share of the profit booty that exploration companies give as profit petroleum to the Central Government. This follows the announcement of the commencement of drilling of the country’s first shale gas well. Profit petroleum is a part [...]
Royal Dutch Shell Plc and Devon Energy Corp. may join Exxon Mobil Corp. as buyers of U.S. shale- gas producers or projects, the chief executive officer of gas developer Range Resources Corp. said. Range Resources CEO John Pinkerton said in an interview yesterday his company may be a partner or target for oil companies, like [...]
By Jason Womack Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)–Exxon Mobil Corp.’s (XOM) $31 billion bid for XTO Energy Inc. (XTO) marks the biggest endorsement yet for the exploitation of unconventional natural gas resources–and signals a growing will to carry the expertise that has revolutionized gas production beyond the North American gas market. In a [...]
