Exxon's Big Bet on Shale Gas

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Exxon's Big Bet on Shale Gas

Mon, 2012-04-16 15:34 — Kathy Gilbeaux

Drill pipe ready for use on a rig at Exxon's Johnson Ranch site outside Fort Worth

by Brian O'Keefe - CNN - April 16, 2012

America's most profitable company now produces about as much natural gas as it does oil. CEO Rex Tillerson thinks the fracking party has just begun.

FORTUNE -- For Rex Tillerson fracking is more than a revolutionary approach to drilling oil and gas -- it's part of his personal history. Simply mention the word to the CEO of Exxon Mobil (XOM) and he starts reminiscing about his days as a young engineer.

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