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ExxonMobil: Drill, Baby, DrillThen Drill Some More

Posted on April 22, 2010

In oil, the name of the game these days is how long can you go. On Apr. 16, ExxonMobil (XON) said it had completed a well that reaches 7,000 feet below the sea and extends 6.3 miles across. That adds up to more than 37,000 feet, a North American record. Output from the well, which is off the coast of California, will be equivalent to 5.8 million barrels of oil per year.

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