FOCUS: UNCONVENTIONAL OIL & GAS: More companies investing in Duvernay liquids potential

Canada's Duvernay shale play is gaining the attention of more investors, including ExxonMobil Corp., which recently announced plans to acquire Celtic Exploration Ltd. in a move that will give ExxonMobil access to the play in west-central Alberta. Talisman Energy Inc. describes the Duvernay as a marine source rock that provides much of the oil and gas developed in adjacent Devonian conventional fields, some of which were discovered in the 1940s. Numerous companies, including Talisman, are in various stages of trying to prove the Duvernay's commercial viability, the Calgary company said in a paper presented at GeoConvention 2012 in Calgary. The Duvernay is about 3,000 m deep and is an inter...

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