ExxonMobil Bets on Layered Tech Systems to Reinvent Shale Economics
ExxonMobil released its updated corporate plan on Tuesday, wherein it upgraded its 5-year outlook. Exxon expects earnings to increase by more than 5 billion above its previous forecast by ramping up output in its Permian Basin assets and Guyana, as well as expanding natural gas and LNG production. But Exxon isn’t just drilling more--the company is also changing the industrial process of shale extraction. In effect, the Oil & Gas giant is usin ...