Thursday, March 18, 2010

Exxon Mobil (NYSE:XOM), Marathon Oil (NYSE:MRO) and Shale Gas in Europe

Shale Gas in Europe

Exxon Mobil (NYSE:XOM), Marathon Oil (NYSE: MRO) and Royal Dutch Shell (NYSE: RDS-A) are spreading throughout the European landscape in search of shale gas which could be the future of European energy needs, or at least a large part of it.

Shale gas has become huge in America, and energy companies are just starting to search Europe for natural gas found in the shale.

To show the potential in Europe, shale gas reserves, or unconventional gas reserves are estimated to stand at about 1,200 trillion cubic feet, about five times the proven reserves in Europe at this time.

Although this is an important bit of information to know for long-term investors in these companies, it will probably take somewhere near a decade to bring the natural gas to the market and generate revenue for the companies and region.

One small detail does remain, and that is the geology still must be proven before this can be a for sure thing. But if results are anywhere near that in America, it should be a great boon.

Shale Gas in Europe

1 comment:

Anonymous said...

Learn more about the promise of shale gas for Europe at