At the end of an article about EQT, Seeking Alpha blogger and energy analyst Richard Zeits includes a short list of companies who either already belong, or soon will join, the “1 billion cubic feet per day club” of Marcellus Shale gas production. So far only one driller has achieved 1 Bcf/d of Marcellus production [...]
Archive for 'Exxon Mobil'
The Motley Fool investing website published a “round-up” type of article two days ago that focuses on the major players (drillers) in the Marcellus Shale (see this MDN story), part of a series that looks at major energy plays in the U.S. Yesterday they continued the series with an article that looks in detail at [...]
The Motley Fool investing website published a “round-up” type of article yesterday that focuses on the major players (drillers) in the Marcellus Shale, part of a series that looks at major energy plays in the U.S. The article starts off by listing the top 11 companies by the amount of acreage they lease. They are [...]
ExxonMobil, not only the world’s largest energy company but the world’s largest company period by revenue, publishes an annual Outlook for Energy. Yesterday they issued the 2013 edition (embedded below). The annual publication is an inside look at how some of the world’s keenest minds in energy view what’s coming down the road for energy [...]
Exxon Mobil is a major disappointment. Since 2009 they’ve supported a so-called “carbon tax” over what they consider a less-desirable alternative—legislation capping carbon dioxide emissions. Carbon dioxide, in case you didn’t know, is the substance you breathe out with every breath you take. Plants breathe it in. Plants, on the other hand, expire oxygen that [...]
At a petrochemical industry conference last week in Philadelphia, a senior ExxonMobil executive said shale gas in general, and the Marcellus Shale in particular, is revitalizing the petrochemical industry in this country. Comments from Lynne Lachenmyer, senior vice president, ExxonMobil Chemical Company:
Each year Platts publishes a list of the top 250 energy companies in the world. They evaluate companies using four metrics: asset value, revenue, profit, and return on invested capital. It probably won’t surprise you to find out that 7 of the top 10 energy companies in the world have a presence in the Marcellus [...]
An energy industry consultant and investment analyst writes an interesting article on Seeking Alpha about Exxon Mobil’s commitment to dry shale shale (“methane only”). Richard Zeits characterizes Exxon’s shift away from dry to wet gas (oil and natural gas liquids) as “radical,” citing Exxon’s onshore rig count decline from 71 to 50 rigs (a 30% [...]
In a speech delivered at the Council on Foreign Relations on Wednesday, ExxonMobil CEO Rex Tillerson said fears about climate change, drilling and even energy dependence on other countries are all overblown. He said he believes burning fossil fuels does lead to global warming, but it’s no big deal and certainly not an impending cataclysm. [...]
Not every driller is pulling back from drilling natural gas to focus on oil and gas liquids. In fact, for two of the largest energy companies in the U.S., it’s full speed ahead with drilling in the Marcellus. Those two companies? Chevron and Exxon Mobil. Chevron is planning to double its drilling in the Marcellus [...]
Exxon Mobil and General Electric announced yesterday that each company is investing $1 million to help fund training in shale development best practices at three universities, including PennState.
According to press reports, XTO Energy—a subsidiary of Exxon Mobil—will drill its first Ohio Utica Shale well in Belmont County.
Two days ago MDN reported, based on copies of paperwork filed with Monroe County, Ohio, that Exxon Mobil via its subsidiary XTO Energy had acquired 13,200 acres of Utica Shale gas leases from Beck Energy (see this MDN story). It turns out there’s more to the story. MDN received a copy of an additional purchase [...]
Exxon Mobil, through it’s subsidiary XTO Energy, recently acquired just over 13,200 acres of Utica Shale leases from Beck Energy Corp. in Monroe County, Ohio. A copy of the Bill of Sale, dated Dec. 20, 2011, is embedded below, containing a list of all the parcels in the transaction. Terms of the purchase are not [...]
Interest from drilling companies in Eastern Ohio continues to be red hot with respect to the Marcellus and Utica Shales, as proven by how local county offices are overrun with researchers wanting access to property deed records. One such place is the Belmont County Recorder’s office in Belmont, Ohio. One company, Permian Oil (acting as [...]
A rather generic story put out by Reuters yesterday refers to Exxon Mobil’s interest in acquiring acreage in the Utica Shale in Ohio as a new source of oil drilling. Details are sparse about Exxon’s plans, but it points out the white-hot interest there is in Ohio’s Utica Shale since Chesapeake announced in July they [...]