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Monday, October 10, 2011

RIGZONE - Exxon CEO: To Invest over $37B on Capital Projects this Year - CNBC

RIGZONE - Exxon CEO: To Invest over $37B on Capital Projects this Year - CNBC: "ExxonMobil's acquisition last year of natural-gas producer XTO Energy for $25 billion was a "recognition of how significant the unconventional resources are going to be," Tillerson said. Exxon Mobil expects unconventional resources, such as shale oil and gas, to increase five-fold in the next five years."

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