ExxonMobil. The Lamp. No. 4, 2009. p. 7-8.
Andrew Swiger, Exxon Senior V.P. has said,
"A key question about shale and other unconventional plays will be whether a company has the technology to turn them into profitable opportunities.
Swiger notes that technology advances ExxonMobil has perfected in producing unconventional natural gas from tight-sands formations in Colorado’s Piceance Basin should prove advantageous.
ExxonMobil‐XTO Merger: Impact on U.S. Energy Markets Preliminary Transcript of Testimony, House of Representatives, Subcommittee on Energy and Environment, Committee on Energy and Commerce. Wednesday, January 20, 2010. 122 pages.
This merger heralds a fundamental long‐term shift in U.S. energy markets and one that deserves our close attention. Over the last decade, a small group of companies that most Americans have never heard of has been developing huge deposits of natural gas in deep shale formations across America."
-Edward J. Markey (D-MA), Chair of Subcommittee on Energy and the Environment.Tillerson testimony on p. 52.