ExxonMobil in Alaska: XTO enters Cook Inlet, Exxon buys XTO
In 1998, Cross Timbers Oil (later renamed XTO Energy) purchased producing properties in the Middle Ground Shoal field from Shell in exchange for $40 million in stock, including two platforms set in 70 feet of water with 39 active wells (as of 2006). The Cook Inlet field was in decline, producing abo....
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