Natural gas will replace coal as the leading fuel for generating electricity in the United States by 2025 due to its easy availability and a drive for cleaner-burning energy, the Wall Street Journal said, citing the latest long-term outlook from Exxon Mobil Corp. Exxon’s study, which is set to be released Thursday, forecasts that global [...]
A year after Exxon Mobil’s $36 billion acquisition of Fort Worth-based XTO Energy, the international oil giant and the independent natural gas producer are mobilizing to become a global leader in the shale gas revolution that began with the Barnett Shale in North Texas. Jack Williams, a 47-year-old Exxon Mobil veteran, took the reins of [...]
Energy company executives on Wednesday argued that states — not the federal government – should take the lead in regulating the hydraulic fracturing process being used to produce natural gas from shale formations in New York, the Midwest and Texas. Geologic differences among the regions mean what works in one state might not work in [...]
Exxon Mobil Corp. said Thursday that unconventional sources of natural gas could represent up to 70% of U.S. supplies in 2030. Natural gas is going to play a critical role not only for the United States but for the rest of the world and unconventional gas resources will be at the center of the growth, [...]
Though the shale gas industry was at one time a prime market for small independent oil and gas firms in the US, a new report by Wood Mackenzie Consultants Ltd. says that oil majors will dominate the shale market over the next couple of years after spending $21 billion on the resource this year alone. [...]
XTO Energy, a Texas-based Exxon Mobil subsidiary focused on shale gas in the US, could become an educator for countries looking to learn how to tap global shale gas resources. “Visitors from countries such as Germany, Poland, Argentina and Canada might be streaming into downtown Fort Worth to utilize XTO’s expertise,” said an article in [...]
New York state is making inroads against hydraulic fracturing, the process that has enabled the big natural gas boom in the US in recent years. This is something environmentalists have been pushing for, and gaining traction with. They worry about what the fracturing of rock underground is doing to groundwater and what the entire process [...]
By Dick Ghiselin, Senior Editor E&P Magazine While Washington dithers, Pennsylvania rolls up its sleeves and gets busy. Recent headlines are trumpeting the global promise of shale gas, while closer to home, the “big boys” are jumping into the shale pool with both feet. And their efforts are finding endorsement. None other than Ernest J. [...]
A new article on the Financial Times Blog takes a look at the year’s major US shale gas projects including shale play developments, oil giant acquisitions and the overall growth of what author Gwen Robinson calls “the sexy new energy play.” In the last year alone, shale gas has made major advancements in becoming a [...]
George Mitchell is many things: Texas billionaire, nonagenarian, and the father of shale gas. The latter is, to most, probably meaningless. For those in the energy world, though, he is the 91-year-old responsible for America’s transformation from gas-hungry importer to owner of a century’s worth of supplies. Just two years ago, US gas reserves were [...]
