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Vol. 14, No. 51 Week of December 20, 2009
Providing coverage of Alaska and northern Canada's oil and gas industry


ExxonMobil buys XTO Energy for $31 billion

XTO has two platforms in Cook Inlet, which will make Exxon an operator of a producing field in Alaska; main focus of purchase XTO’s natural gas assets

Mark Williams

Associated Press Energy Writer

ExxonMobil will buy XTO Energy Inc. in an all-stock deal worth $31 billion as the oil giant moved aggressively Dec. 14 to capitalize on the growing supply of natural gas at home. The deal could signal a new rush to own natural gas assets by major integrated producers, and perhaps the start of a sign....

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