All Posts Tagged With: "ExxonMobil"
Hearing on Exxon’s XTO Acquisition Planned — “Fracking” Issue Could be Raised
A congressional hearing on the proposed merger between ExxonMobil and XTO Energy is planned by the Subcommittee on Energy and Environment as it examines the impact of the potential deal on the U.S. energy market. Rep Markey could want the practice of hydraulic fracturing raised.
18Jan2010 | admin | 0 comments | ContinuedEnterprise Opens Central Treating Facility Near Meeker
Located about 8 miles south of the company’s recently expanded Meeker gas processing complex, the central treating faciilty can handle as much as 200 MMcfd as well as production from ExxonMobil’s properties in nearby Piceance basin.
6Jul2009 | admin | 0 comments | ContinuedExxonMobil Ramping Up Projects in Piceance Basin
Mike Smith, the energy giant’s Piceance project manager, said it could be producing at its new total capacity of 250 million cubic feet per day within a couple of years. The company also announced a contribution of $590,000 to the Meeker School District to improve math and science education.
24Jun2009 | admin | 0 comments | ContinuedAs Prices Tumble, Gas Reserves Soar
The more the putative supply of gas in the ground rises, the more the price gets depressed. Prices have plummeted nearly 70 percent from their peak a year ago, and they continue to drop – to around $4 per 1000 cubic feet this week. In case you think that drop is a temporary anomaly, have a look at this chart of gas futures, stretching out three months. It’s hard to drill for more gas when it’s unprofitable to produce.
23Jun2009 | admin | 1 comment | ContinuedBucking the Trend — Exxon Mobil to Rev Up Production on the Western Slope
The energy giant says a new drilling technique will enable it to extract more gas from the Piceance Basin at lower costs.
9Mar2009 | admin | 0 comments | Continued
