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EOG's Big Gambling Shale Oil
Oleh:
Birger, Jon
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 164 no. 3 (Aug. 2011)
,
page 58-63.
Topik:
Oil Company
;
Oil Industry
;
Natural Gas
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.46
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
It was the winter of 2006, and EOG Resources executive vice president Kurt Doerr had to be wondering what the heck he was doing prospecting for oil in the frigid central plains of North Dakota. Sure, wildcatters had been pumping modest amounts of crude out there for decades. However, nobody had ever found a true gusher, and the timing seemed odd given that EOG's core business -- drilling for natural gas, not oil -- was absolutely booming. EOG's net income had just doubled, natural-gas prices were fresh off all-time highs, and cutting-edge technologies were opening up vast new gas fields like Barnett Shale in Texas.
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