Energy

Exxon Mobil expects higher yield with new process at Natural Gas Wells

Exxon Mobil expects to find good reserves of Gas around 10 natural gas wells and

The men at work are busy to use the new method of fracing the underground layers of rock and sand to unlock natural gas. This has been suggested as cost effective and efficient method.

However, it should be implemented with care.

Exxon expects the natural gas demand to be higher by nearly 50% by year 2030. As natural gas will emerge as a major fuel, coal consumption will be lesser in the days to come.

Fracing is much faster these days, which takes around 2 weeks, compared to months during the 1980s.

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