Cardium Shale is Heating Up in 2012

By Tim - http://oilshalegas.com

Oil and Gas companies are starting to release their earnings and operational reports. In going through these reports, something stuck out to me so far. The Cardium Shale is heating up!

The Cardium Shale is an oil field located in Western Alberta Canada. Exxon Mobil (XOM) recently stated that they had very encouraging results so far in the Cardium Formation. Here is what they said below.

"In Canada, we have had encouraging early results in the Cardium, with 2 wells on production at year end and additional drilling planned in 2012."

This could be a sign of things to come. One thing is for sure, Forest Oil (FST), Devon Energy (DVN), and ConocoPhillips (COP) are drilling for oil in the Cardium as well.

http://www.oilshalegas.com/cardiumshale.html

http://blackberrystocks.blogspot.com/

Woodford Shale - Exxon Mobil (XOM)

By Tim - http://oilshalegas.com

November 5, 2011 - Exxon Mobile (XOM) is now heavily involved in the Woodford Shale as of late 2011. The Woodford Shale and Cana Woodford Shale have been explored by many companies for oil in 2011. Oklahoma residents have been signing away mineral rights leases at a record pace. Exxon Mobile (XOM) had this to say about the Woodford Formation.

"We are also involved in multiple emerging liquids-rich shale plays, the most active of which is the Woodford shale in the southern Oklahoma Ardmore Basin area. To date, we have amassed more than 150,000 net acres in this play through an aggressive leasing and acquisitions program. This leadership position has been built at an attractive cost. As we acquired resources for approximately $0.30 per 1,000 cubic feet equivalent and added the leasehold for under $600 per acre.Our activity in the Woodford Ardmore play has ramped up significantly in 2011, with our operated rig count increasing from 3 to 7 rigs and gross operated production more than tripling since year-end 2010.

In our core development area, peak 7-day gross production rates have averaged 325 barrels per day of crude oil and 3.7 million cubic feet per day of natural gas, with a rich 1,275 BTU gas also yielding significant natural gas liquids, providing an average liquids rate per well of over 750 barrels per day and 2.9 million cubic feet per day of sales gas. We are continuing to ramp up drilling activity and are progressing both marketing and infrastructure plans for the play.

Shale News

OilShaleGas.com

Exxon Mobil (XOM) - Utica Shale

By Tim - http://oilshalegas.com

November 5, 2011 - Exxon Mobile (XOM) recently disclosed that they are involved in the Utica Shale. The Utica Shale, located mainly in Ohio, is an oil & natural gas field that has been moving up on the Top 5 shale plays. Exxon Mobile (XOM) said this about their Utica Shale acreage.

"Exxon Mobil is also actively exploring several other early stage liquids-rich play in the United States, including the Utica Shale play in eastern Ohio and western Pennsylvania. Our position in the Utica stems from our recently completed acquisition of the Phillips companies and represents incremental upside to the Phillips acquisition, which was focused on the Marcellus. The Phillips acquisition included 45,000 net acres prospective for the Utica in Ohio, and we have increased our position now to over 75,000 net acres. We anticipate drilling our first Utica well in early 2012."

Shale News

OilShaleGas.com

Exxon Mobile Corp. (XOM) - Bossier Shale Update

By Andrea: http://oilshalegas.com

During the 3rd quarter of 2010, Exxon Mobile Corp. (XOM) finalized a merger agreement with Ellora Energy. This acquisition has increased our position in the attractive Haynesville/Bossier plays by 46,000 acres and added current production and pipeline capacity. In addition, our gas marketing team is working with XTO to optimize shipping, processing and marketing activities across our United States portfolio. We are also capturing reverse integration benefits in legacy Exxon Mobil operations both in the United States and overseas.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Exxon Mobile Corp. (XOM) - Haynesville Shale Update

By Andrea: http://oilshalegas.com

During the 3rd quarter of 2010, Exxon Mobile Corp. (XOM) finalized a merger agreement with Ellora Energy. This acquisition has increased our position in the attractive Haynesville/Bossier plays by 46,000 acres and added current production and pipeline capacity. In addition, our gas marketing team is working with XTO to optimize shipping, processing and marketing activities across our United States portfolio. We are also capturing reverse integration benefits in legacy Exxon Mobil operations both in the United States and overseas.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Exxon Mobil (XOM) Eagle Ford Shale Update

By Andrea: http://oilshalegas.com

Exxon Mobil (XOM) released an update on the Eagle Ford Shale in South Texas:

Turning now to activities in our unconventional resource portfolio, a significant level of drilling activity continues in the US. During the quarter, we supplied the first well on our Birchus Ranch acreage in the Eagle Ford Shale of South Texas. ExxonMobil holds 50,000 acres in its emerging shale gas play.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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