Filed under: Energy , Company News , Economy , Exxon Mobil , Green These days, everyone wants a piece of the rock — domestic shale, that is. With oil-drilling costs north of $3.5 million per well and natural gas trading below $3, global energy companies are all about American shale. In November, Europe’s second-largest supplier of natural gas, Norwegian-based StatOilHydro ( STOHF ), signed a $3.4 billion agreement in November to acquire 32.5% of Chesapeake Energy’s ( CHK ) 32,000 shale-gas leases in Pennsylvania, West Virginia, New York, and Ohio. Continue reading ExxonMobil buys gas, as Big Oil plans for a renewable-energy future ExxonMobil buys gas, as Big Oil plans for a renewable-energy future originally appeared on DailyFinance on Tue, 15 Dec 2009 15:40:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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ExxonMobil buys gas, as Big Oil plans for a renewable-energy future

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