Companies like Anadarko (NYSE: APC) are too large to offer the huge upside potential that
small shale drillers have, but they are also not as safe as the likes of ExxonMobil (NYSE: XOM), leaving them with a tricky investment case.
Not exact matches
The recent oil
shale boom was powered mostly by
small firms because larger multinationals like Exxon and BP are structured for big payoff, technically - difficult projects like deep water
drilling and Arctic exploration.
A rush to invest and
drill Top producers Chesapeake Energy and Exxon Mobil Corp., along with hundreds of big and
small oil and gas producers, are pouring billions of dollars into developing North American
shale formations.
Many
small - cap energy firms that operate in more expensive - to -
drill shale formations, and that have heavier debt loads, have sold off hard, pushing their share prices down.
After the wells on a pad are
drilled, cased and cemented, a device perforates the horizontal part of the production pipe to make
small holes in the casing, exposing the wellbore to the
shale.