Big Oil Reaching Out to Shale Gas Developers
Ken Silverstein, EnergyBiz
Big Oil knows where the money is, and its buried with the shale gas. The latest such foray into that arena is ExxonMobil’s agreement to buy Denbury’s shale assets in North Dakota’s Bakken field, which is awash in oil and gas. Oil companies, which are constrained in the United States as to where they can drill, expect their investments in shale gas to pay off. It’s a way to diversify their holdings in a complementary fashion. In other words, natural gas is often found alongside oil deposits. And while developers have been forced to...http://www.energybiz.com/article/12/09/big-oil-reaching-out-shale-gas-developers
Big Oil knows where the money is, and its buried with the shale gas. The latest such foray into that arena is ExxonMobil’s agreement to buy Denbury’s shale assets in North Dakota’s Bakken field, which is awash in oil and gas. Oil companies, which are constrained in the United States as to where they can drill, expect their investments in shale gas to pay off. It’s a way to diversify their holdings in a complementary fashion. In other words, natural gas is often found alongside oil deposits. And while developers have been forced to...http://www.energybiz.com/article/12/09/big-oil-reaching-out-shale-gas-developers
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