Summit Midstream Partners and XTO Energy Inc., a subsidiary of ExxonMobil, announced Monday they will develop and operate a $400 million natural gas gathering system servicing XTO's production from Belmont and Monroe counties in southeastern Ohio.
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The continued "shale effect" on U.S. manufacturing could bring an annual cost savings of $22.3 billion by 2030, assuming a high natural gas recovery and low-price scenario, finds a new research report by PwC.
This 3-minute video briefly explains the process of hydraulic fracturing.