02-01-2013, 12:35 AM
Shell will raise exploration spending to $7 billion this year from $6.4 billion in 2012. It expects to drill more than 40 high-potential wells in 18 basins as well as test 10 tight gas and liquid-rich shale resources.
Ken, don't tell yer yazoo braddahs that RDS is spending $175M per well in exploration this year... they might go bonkers LOL