Friday, July 17, 2009

Exxon Mobil Bets on Gas Locked in Colorado Mountains

At one time, even nuclear bombs couldn’t loosen ‘tight gas’ trapped in sandstone. Now Exxon Mobil says it has a way.

Oil and gas producers have known for decades that a massive bounty of natural gas lies beneath western Colorado's mountains. Getting at it, however, can be costly and complicated. With a potential gain of 1 billion cubic feet per day of output from its leased land in the deepest part of the gas rich Piceance Basin which would be about 2 percent of all U.S. gas production Exxon Mobil Corp. spent the last decade perfecting a way to drill less for more gas.....Complete Story

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