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GasBuddy News Article

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Exxon's big bet on shale gas

CNN Money -- For Rex Tillerson fracking is more than a revolutionary approach to drilling oil and gas -- it's part of his personal history. Simply mention the word to the CEO of Exxon Mobil and he starts reminiscing about his days as a young engineer. It was 1976, and Tillerson had been sent to East Texas for his second assignment at the company. His job was to follow around rigs drilling for natural gas and "complete" the wells. That meant experimenting with a process known as hydraulic fracturing, or fracking. By pumping water, sand, and chemicals down into a well at high pressure, he could cause cracks in the stone where the gas was trapped and allow more of it to flow.

For Rex Tillerson fracking is more than a revolutionary approach to drilling oil and gas -- it's part of his personal history.


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Submitted Apr 16, 2012 By: BurntOrange
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REPLIES (newest first)
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ExplorerWA
Champion Author Washington

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Message Posted: Apr 16, 2012 9:30:50 PM

Let's develop a real energy plan and develop all of our resources.
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ChristinaCricke
Champion Author New Jersey

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Message Posted: Apr 16, 2012 9:07:19 AM

MMMMMMMMMMMMmmmmmmmmmmm
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YaBassa
Champion Author Michigan

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Message Posted: Apr 16, 2012 8:36:18 AM

"Tillerson brushes aside environmental concerns as manageable and overblown."

I wouldn't expect anything different from a Big Oil millionaire.
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billk44077
Champion Author Cleveland

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Message Posted: Apr 16, 2012 8:27:14 AM

not a bet, it's a sure thing
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GasholeMI
Champion Author Lansing

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Message Posted: Apr 16, 2012 8:19:30 AM

And I thought this was new technology.
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djwhit
Champion Author Ohio

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Message Posted: Apr 16, 2012 8:14:29 AM

GET IT DONE.........
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Marty_P
All-Star Author Baton Rouge

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Message Posted: Apr 16, 2012 8:12:38 AM


You have to pay to play...
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jppezz
Champion Author New Mexico

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Message Posted: Apr 16, 2012 8:11:33 AM

We need it,we have it,so lets use it.
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payogie
Champion Author Atlanta

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Message Posted: Apr 16, 2012 8:08:09 AM

Ok.
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