Editor’s Note. 21 Jun 2023. See link above and below as a follow up. Bloomberg content is only for paid subscribers. Public access is possible through the New York Public Library onsite only at the Thomas Yoseloff Business Center. Find an academic library near you.
U.S. EPA. XTO Energy, Inc. Settlement – 2014. U.S. Environmental Protection Agency (EPA)
(Washington, DC – December 22, 2014) The U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced today that XTO Energy, Inc. (XTO), a subsidiary of ExxonMobil and the nation’s largest holder of natural gas reserves, will spend an estimated $3 million to restore eight sites damaged by unauthorized discharges of fill material into streams and wetlands in connection with hydraulic fracturing operations.
Jim Polson. Exxon, XTO Probably Won’t Face U.S. Fracturing Rules, FBR Says. 21 Jan 2010. Bloomberg.
Exxon Mobil Corp., XTO Energy Inc. and other shale-gas producers probably won’t face U.S. rules that would add costs of $100,000 a well, given comments at a Congressional hearing yesterday and the loss of a Senate seat by majority Democrats, FBR Capital Markets Corp. analysts said.
Irving, Texas-based Exxon’s $30 billion acquisition of XTO isn’t in jeopardy, Benjamin Salisbury and other FBR analysts wrote in a report to clients today. U.S. laws making shale development “illegal or commercially impracticable” would let Exxon terminate the deal without penalty, under the buyout agreement.
Democrats at the hearing praised the economic and environmental benefits of replacing fuels such as coal with cleaner-burning natural gas, indicating the party will emphasize jobs and the economy rather than restrictions on fracturing petroleum-bearing rock that might curb drilling by as much as 20 percent, the analysts wrote. Environmentalists said chemicals in fracturing fluid contaminate drinking water.
See: Exxon Confronts Nuns, Calpers Over Global Warming Plans, Boskin
See: U.S. Speaker Nancy Pelosi: The Gavel: Draining The Swamp
See: The top five stories of the year [2010] for climate hawks
See: Fueling Washington
See: This Website is a Crash Course In Fracking
See: Affirming Gasland
See: Coalbed Methane Development: The Costs and Benefits of an Emerging Energy Resource
See: Natural gas: the commodity world’s ugly duckling
See: Energy & Commerce Committee Investigates Potential Impacts of Hydraulic Fracturing
See: Hydraulic Fracturing: History of an Enduring Technology
