Monday, December 14, 2009

Exxon Is Now Into Shale Gas

I guess this confirms the viability of gas from shale, because XTO is/was one of the biggest players. It seems Exxon doesn't believe in global warming.....not any time soon.

Exxon Mobil Agrees to Buy XTO Energy for $41 Billion

Exxon Mobil said Monday that it has agreed to buy XTO Energy,

a natural gas producer, for $31 billion in stock and the

assumption of $10 billion in debt, in one of the biggest

energy mergers of recent years.

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