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Exxon extended drilling ups Calif. oil production
ap ^ | April 16, 2010

Posted on 04/18/2010 12:17:02 PM PDT by george76

ExxonMobil Corp. said Friday that its extended-reach drilling technology has boosted production capacity at its Santa Ynez unit offshore southern California by 5.8 million barrels of oil.

The well drilled from Exxon's Heritage platform rig extends more than six miles horizontally and more than 7,000 feet underwater. The company said its Fast Drill technology allows engineers to access previously unreachable resources without installing an additional structure, and brings on new production at a lower cost.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events; US: California
KEYWORDS: drilling; energy; exxon; exxonmobil; gas; mobil; oil; santaynez

1 posted on 04/18/2010 12:17:02 PM PDT by george76
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To: george76

Hey Arnold, you see this? Pay attention you knuckle-headed poltroon you.


2 posted on 04/18/2010 12:19:04 PM PDT by muleskinner ("You know the Germans always make good stuff')
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To: george76

All within the leased field, of course.


3 posted on 04/18/2010 12:49:57 PM PDT by onedoug
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To: george76

How dare ExxonMobil to increase production? We need an investigation. We need some lawsuits. We need some political action to stop their violations of our dear earth. This drilling technique violates the fabric our leftist traditions. We do not need any more oil. Everyone knows that it will be depleted soon. This operation just provides false hope and delays our switch to the abundant sources of wind, sun, and renewable energy. Our future would be here now if not for this evil industry inventing new methods of raping our mother earth.


4 posted on 04/18/2010 1:52:07 PM PDT by businessprofessor
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To: george76
Technology and private initiative defeats fascist gubbermint stupidity. Go Exxon.
5 posted on 04/18/2010 5:05:08 PM PDT by hinckley buzzard
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To: george76
"The company said its Fast Drill technology allows engineers to access previously unreachable resources without installing an additional structure, and brings on new production at a lower cost. "

Sedition Alert!

Waxman probably getting the subpoenas prepared as we type...

6 posted on 04/18/2010 6:18:25 PM PDT by SuperLuminal (Where is another agitator for republicanism like Sam Adams when we need him?)
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