Exxon Seeks Colombia's First Fracking Permit as Ecopetrol Waits

  • U.S. company seeks environmental permit despite oil slump
  • Ecopetrol says oil price must rise above $70 per barrel

Exxon Mobil Corp. has filed for an environmental permit to explore for shale oil and natural gas in Colombia using hydraulic fracturing technology, in a bid to become the first driller to use the controversial technique in the Andean nation.

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