Quantcast
Channel: Oil and Gas Stocks | Oil and Gas Options | Oil and Gas Dividends NYSE Oil Stocks | AMEX Oil Stocks | NASDAQ Oil Stocks | OTCBB Oil Stocks | Oil ETF | Eagle Ford Stocks | Oilfield Services Stocks » Fracking Arguement
Viewing all articles
Browse latest Browse all 6

Exxon Fracking Hits Bump in Road

0
0

Photo Credit.

Exxon mobile has been working hard to clean up their fracking plans. Despite their hard work, things happen, and things don’t always go according to plan. The Trefis Team explains Exxon’s hiccup in their fracking plans.

Setback to plans

Exxon has been particularly interested in exporting the shale gas expertise it gained with the acquisition of XTO Energy in 2010 to foreign shale deposits. In Europe, shale exploration is facing stiff resistance from environmentalists, who have succeeded in banning the process of hydraulic fracturing in countries like France.

Poland, which sits on enough shale deposits to meet domestic gas demand for more than three hundred years, has been more open to exploration to reduce dependence on imported gas. [1]

Presently two thirds of the country’ gas demand is met by imports from Russia, at prices nearly six times the U.S. benchmark for natural gas.

XOM

Poland has been a hot spot for oil men over the past year. Exxon is trying to get in on the fracking opportunity. Let’s hope they can readjust and make their original plan work.

Quotes taken from report by Trefis Team, Read the entire article here.

This is not an offer to buy or sell securities. Oil investment carries with it very high risks. The information contained within this site has not been nor will it be verified by Turn Key Oil and is subject to change at any time. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions. Please read our full disclaimer before making any decisions.



Viewing all articles
Browse latest Browse all 6

Latest Images

Trending Articles





Latest Images