|
|
|
|
|
Untitled | |||||||||||||||||||||||||||||||||||||||||||
Exxon Mobil says it's not forsaking oil for natural gas
{ 05:31, 2010-Feb-2 }
{ 0 comments }
{ Link }
Exxon Mobil Corp. may be expanding its position ugg bootsin natural gas in North America with its pending multibillion-dollar deal to buy XTO Energy, but the Texas oil giant cautioned analysts Monday ugg bootsagainst reading too much into the move.
ˇ°It's not a strategic shift. We are not ugg bootsshifting away from oil to gas,ˇ± Vice President of Investor Relations David Rosenthal said in a conference call to discuss Exxon Mobil's fourth-quarter and 2009 financial results.
The Irving-based oil major continues to move forward ugg bootswith crude oil projects around the globe, but unconventional gas resource plays in Canada and the U.S. can be acquired at a very low cost, held for a long time and used as a launching point for expansion into similar undeveloped areas overseas, he said.
Analysts, however, have speculated that the Exxon ugg bootsMobil-XTO deal stems at least in part from the oil giant's difficulty in accessing new crude oil reserves around the world.
ˇ°The issue about accessing resources is a big one,ˇ± ugg bootssaid Phil Weiss, industry analyst with Argus Research in New York.
Exxon Mobil now has operations in several unconventional gasugg boots plays in North America, including Canada's Horn River shale basin and Western Colorado's Piceance Basin. It also has a joint venture with Pennsylvania General Energy that holds about 290,000 gross acres in the Marcellus shale in Pennsylvania.
With the acquisition of XTO, the company soon hopes to be inbest ugg boots ˇ°nearly everyˇ± major unconventional natural gas play in North America, Rosenthal said.
Exxon Mobil officials declined to discuss specifics about the merger with Fort Worth's XTO, citing pending votes by XTO shareholders and antitrust approvals. But they said the deal remains on track to close in the second quarter.Nike Air Jordan 2.5
Nike Air Jordan 3.5
Nike Air Jordan 6 ring
Nike Air Jordan 10.5
Nike Air Jordan 2009
{ Post a Comment } { Last Page } { Page 8 of 185 } { Next Page } |
About Me My Profile Archives Friends My Photo Album
Linksnike star shoesair max air max shoes ugg ed hardy CategoriesRecent Entrieshow to spot a fake ghd flat ironThe margin was based on 61 percent returns. 2010 Are You Ready to Own a Pair of Cool Spy Sunglasses PASTRY SHOE ICONS VANESSA AND ANGELA SIMMONS DONATE TO HAITI EARTHQUAKE VICTIMS A Chance to Become an Ed Hardy Clothing Fashion Model! Friends |
||||||||||||||||||||||||||||||||||||||||||
| |
|