The Natural Gas Sector, Shale Gas & Exxon’s $31 Billion Takeover of XTO Energy
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Shale gas is one of the biggest new things to come along in the energy space for some time. But Natural Gas drilling costs and low gas prices make this a challenging environment for Gas producers.
Yesterday's big news in the commodities world was Exxon's $31 billion takeover of XTO Energy.
The acquisition is a big endorsement by the world's largest energy company. The majority of XTO's assets are U.S. shale gas properties. With the buyout, Exxon is essentially saying they see a big future in shale.
However, there are a few factors that should give investors pause when they consider natural gas.
One of the chief considerations being the oil-to-gas price ratio. And its unusual effects on drilling costs.
Full article at: Natural Gas
Read the full article: http://www.oilprice.com/article-the-natural-gas-sector-shale...
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