Mobil Corporation to accelerate shale oil and gas field, increased demand for ceramic proppant

Exxon Mobil Corp. will spend $ 2.6 billion acquisition of Canadian oil and gas explorer Celtic Exploration Company. Acquisition of businesses including Celtic Exploration Company in British Columbia Montney  shale gas  field area, Alberta Duvernay shale gas areas and other areas of Alberta shale gas field. Currently, Celtic Exploration company shale gas blocks to produce 2.04 million cubic meters / day of natural gas and 4,000 barrels / day of crude oil and natural gas condensate, is expected to total reserves of 1.28 billion barrels of oil equivalent. 2010 ExxonMobil to spend $ 41 billion acquisition of XTO Energy Inc., plans to invest in the next five years $ 158 billion for the production of oil and gas.  shale gas  assets in Alberta, Canada has a local company or will become the main target of M & A transactions.
Shale oil and gas field exploration will also increase the demand for petroleum  Ceramic proppant   ceramic proppant (bauxite ceramic) investment will usher in a new boom.