Statoil is one of the large companies being investigated by the U.S. House Energy and Commerce Committee to see if the gas extraction method known as hydraulic fracturing, or fracking, is a hazard to groundwater drinking supplies.

Statoil is a multinational energy corporation based in Norway. In 2008, Statoil acquired a 32.5% interest in the Marcellus shale gas acreage from Chesapeake Energy Corporation.

See: Marcellus Shale Gas