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Wednesday, August 31, 2011

Exxon / Russia Deal: Marcellus Shale Included?

Folks, you might want to check out this article in today' s NY Times. ( Note: The link may be broken by the NYT. If so, go to their main page and search ( upper left ) for Exxon ).
The following quote from the article was of special interest:

"Where BP had planned to swap stock, Exxon, which is based in Texas, agreed to give Rosneft assets elsewhere in the world, including some that Exxon owns in the deepwater zones of the Gulf of Mexico and on land in Texas."       

And this one:

"Under the new agreement, the state-owned Rosneft could become a part-owner of drilling operations in the United States. Those operations could include two of the industry’s most contentious oil extraction methods — drilling for oil in the deep waters of the Gulf of Mexico and using the so-called hydraulic fracturing, or fracking, technique on land. The Russians want to learn about both types of drilling for use at home."     

I don't know what a shot & a beer tastes like in Bradford and surrounding counties, but I'm guessing folks in the Endless Mountains region should start acquiring a taste for Stolichnaya vodka. 

Nazdarovya, Comrades!

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