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Hercules Offshore, Inc. Message Board

  • robertnupstatecarolina robertnupstatecarolina Apr 19, 2013 12:20 PM Flag

    EXXON....Oil More profitable.

    Exxon Mobil (XOM) and Chesapeake Energy (CHK), two of the largest U.S. producer of natural gas have admitted that unlocking gas trapped in shale-rock formation and selling it for $3.50 per million British thermal units (MMBtu) is proving more costly, on balance, than extracting $90 per barrel oil. Not surprisingly, the companies are shifting drilling toward resources with greater potential for oil and natural-gas liquids.

 
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