Ironically, the oil and natural gas industry’s recent focus on shale plays, which was made possible by technological breakthroughs, has prompted more recent innovations, according to Jonathan Lewis, Halliburton senior vice president, drilling & evaluation.
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ExxonMobil, Apache Announce Sweeping North American E&P Agreement
ExxonMobil Corp. and Apache Corp. on Monday announced a joint exploration and production agreement to capitalize on their strengths and assets both onshore and offshore North America. Among other things, Apache will take over ExxonMobil’s 28 producing oil and gas fields in West Texas and New Mexico and begin exploration of 300,000 undeveloped acres in Alberta.
May 25, 2004