Exxon Mobil Shelves Shale-Gas Exploration Plans In Poland: Report

By International Business Times,  June 17, 2012, 04:33:43 PM EDT

The Exxon Mobil Corp. ( XOM ) will abandon its shale-gas exploration projects in Poland because the company's test wells did not produce commercial quantities of gas, the daily newspaper Gazeta Wyborcza reported, according to Bloomberg News .

The newspaper cited Adam Kopysc, a representative of Exxon Mobil's Polish operation, as saying the company made the decision after testing two of its wells in Poland.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: XOM



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