Crafty

Expect Shale to Go to the Majors, Investor Says

While the story of shale gas to date is one of crafty independents like Devon Energy Corp., Southwestern Energy Co. and Range Resources Corp. taking exploration risks in the Barnett, Fayetteville and Marcellus shales, those plays will increasingly belong to big players like Chevron Corp. and ExxonMobil Corp., Lynn Bass, a principal at GasRock Capital LLC, said during Steel Business Briefing’s Shale Plays Tubular Conference.

May 30, 2011