Wednesday, December 16, 2009

Natural Gas: New Environmental Rules Could Cloud Prospects

Concerns about the impact of methods used to extract gas from shale deposits could lead to tough restrictions—and crimp output for some producers

By David Bogoslaw
December 15, 2009
Business Week

After years of talk about improved energy security for the U.S.—and a smaller carbon footprint for U.S. industry—natural gas seized the spotlight on Dec. 14 after ExxonMobil (XOM) announced a deal to acquire XTO Energy (XTO), one of the largest independent natural gas producers. The all-stock deal is worth $31 billion, plus the assumption of $10 billion in debt.

But could environmental concerns about the methods used to extract gas from its hiding place in the depths of shale deposits spoil the party?

Read the complete story HERE.


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