Sunday, July 26, 2009

Exxon Fracing Article

Watch out Chesapeake! The aircraft carrier called Exxon Mobil seems to be on a public relations offensive to establish itself as the King of Natural Gas. In an article in Sunday's Dallas News, the hometown newspaper portrays Exxon as frac-happy and downright in love with natgas. In other recent articles, the company has already touted its Canadian and international shale leaseholds.

I jest, but it's actually a good article about the advances the company is making in hydraulic fracturing technology in the Piceance Field in Colorado and the company's approach to and greater appreciation for natural gas. The Piceance field is a sand field, not a shale play, but the company believes the progress it is making there will apply to shales.

The article is a good follow-up to the Packers Plus article I noted earlier.

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