Oil & Gas Pro

Going Deep in the Rockies

Going deep in the Rockies
At one time, even nuclear bombs couldn’t loosen ‘tight gas’ trapped in sandstone. Now Exxon Mobil says it has a way.

The company says the method dramatically cuts operational costs. Exxon Mobil won't disclose the Piceance project costs, except to say that it's part of the company's plan to spend $125 billion on projects over five years, including $29 billion this year.


For the complete article:

http://www.chron.com/disp/story.mpl/business/6525226.html

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Oil & Gas ProPermalink Reply by Pipeliner on July 12, 2009 at 9:28
Exxon reaches trapped gas by modifying technology

http://www.chron.com/disp/story.mpl/business/6525368.html

Oil & Gas ProPermalink Reply by The_Baron on July 14, 2009 at 5:31
Good for Exxon. Lets just hope Obama dosn't chase them offshore.

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