Exxon Ignores Low US Gas Prices, Plunges Ahead With Development

摘要

To independent producers looking to cut back drilling activity or even sell down their positions in US dry gas shale plays amid persistently low domestic gas prices, Exxon Mobil must look like a three-toed sloth. But the Big Tiger is nonetheless sticking to its plans to aggressively ramp up production in these cooling unconventional plays, arguing that development there still meets the company's stringent internal-rate-of-return threshold.