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
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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