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Yesterday, The Bakersfield Californian reported that another oil and gas industry giant is making its way to The Golden State: Hess Corporation. Hess has operations on six of the seven global continents and will be headed to California’s yet-to-be-fracked Monterey Shale basin, which contains some 15 billion barrels of proven recoverable shale oil, according to the Department of Energy’s Energy Information Administration.
Other major oil and gas corporations on the scene and purchasing leases in the Monterey include Venoco, Occidental Petroleum, Frontier Energy Group, and Canadian Natural Resources Ltd.
Reposted with permission from FireDogLake.
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