Exxon (XOM) to Develop Hebron Field, Sees Capital Costs of $14B
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Exxon's (XOM) Key Resource is Getting Scarce
November 29, 2012 9:40 AM ESTExxon Mobil (NYSE: XOM) is running low on crude plays and analysts don't see a ramp-up in production happening anytime soon.
According to the WSJ Exxon will begin work in the Kearl Project in Northeaster Alberta, Canada, next month, which will add about 170,000 barrels per day of crude to its output. That's the good news.
The bad news is that Exxon recently reported the lowest quarterly production in some three years. Despite Exxon said it has about 21 new plays lined up to start... More
