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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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Exxon Mobil Corporation is acquiring XTO Energy Inc. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources. in an all-stock transaction valued at $41 billion.

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DOE Regional Partner Initiates Coal Seam CO2 Injection and Methane Recovery Study in Virginia

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A US Department of Energy (DOE) team of regional partners has begun injecting carbon dioxide into coal seams in the Central Appalachian Basin to determine the feasibility of CO 2 storage in unmineable coal seams and the potential for enhanced coalbed methane recovery. feet in thickness. trillion cubic feet.

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Alabama Project Testing Potential for Combining CO2 Storage with Enhanced Methane Recovery

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Field testing the potential for combining geologic carbon dioxide storage with enhanced methane recovery is underway at a site in Alabama by a US Department of Energy (DOE) team of regional partners. Coal in the Black Warrior Basin has the potential to sequester 1.1 trillion cubic feet of natural gas from these coal seams.

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New Research Alliance to Promote Low-Impact Drilling Technologies

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The Houston Advanced Research Center ( HARC ) and the Harold Vance Department of Petroleum Engineering at Texas A&M University are establishing a collaborative research program to promote advanced technology for low-impact oil and gas drilling. University of Arkansas. Sam Houston State University. West Virginia University.

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DOE NETL selects 12 fossil-fuel power systems projects for funding

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The US Department of Energy’s National Energy Technology Laboratory (NETL) has selected 12 projects to receive funding through its Crosscutting Research Program’s Transitional Technology Development to Enable Highly Efficient Power Systems with Carbon Management initiative. Energy Industries of Ohio. Lead organization.

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