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Energy Firms Should Look to U.S. Shale - Barron's

Posted on August 31, 2008

Many of the major energy players are busy searching the world for more oil and natural gas reserves. Barron's Dimitra Defotis thinks they should be looking closer to home, as U.S. shale fields hold enormous potential as a source of energy.BP (BP) is already charting a course in this direction. In July, it made a deal to pay Chesapeake Energy (CHK) $1.75B for land in Oklahoma's Woodford Shale. Exxon Mobil (XOM) would do well to follow suit....

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gas , oil