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Exxon CEO troubled by fracking-related water tank in his neighbourhood

Posted on February 26th, 2014 at 0:42 by Paul Jay in category: News -- Write a comment



Tillerson fights tower
Rex Tillerson’s company may be a big player in fracking, but the chief executive of Exxon Mobil Corp. has a problem with what the related issues could mean to the value of his ranch.

The chief executive officer of Exxon Mobil Corp., a major player where the controversial technique is concerned, is among a group of citizens in Bartonville, near Dallas, who are opposing a massive tower that would supply water for fracking.

Fracking, or hydraulic fracturing, pumps water and chemicals underground to break up rock and push gas or oil to the surface, and there are huge environmental concerns surrounding the practice.

Citizens of Bartonville, described as a wealthy community, which you’d expect given that it houses the chief of Exxon, have sued to try to stop the tower.

Some have issues with what promises to be traffic and noise, according to what lawyer Michael Whitten told The Wall Street Journal, but Mr. Tillerson’s big beef is how it could affect the value of his spread.

The suit filed in the District Court of Denton County lists Bar RR Ranches and its owners, the Tillersons, as among the plaintiffs, along with others with high-value properties, against Bartonville Water Supply Corp., which is now Cross Timbers Water Supply Corp., and officials at the non-profit utility.

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