Deep beneath West Texas, federal scientists say there is still a massive cache of oil and gas left to tap, enough by their estimates to keep the country running for months.
Japanese trading house Mitsubishi Corp, opens new tab will buy the U.S. shale production and infrastructure assets of Aethon Energy Management for $7.53 billion, it said on Friday, its largest deal yet as it seeks to strengthen its gas supply chain. If finalised, the deal would give the company a substantial natural gas operation adjacent to the U.S. Gulf Coast and the energy export facilities being developed there.
Curious Minds Corner
How deep can oil and gas reservoirs be?
Some reservoirs are found more than 30,000 feet (9,000 meters) below the Earth’s surface, especially in ultra-deep offshore fields.