Re: Good times for XTO Energy-on topic - Soly
in response to
by
posted on
Dec 17, 2009 12:04PM
Developing large acreage positions of unconventional and conventional oil and gas resources
"The integration into ExxonMobil's global functional model will allow the rapid development and deployment of technologies and operating practices globally to maximize resource value."
From our perspective this deal with XTO may have come about just in time. XTO will now have two months to review the Mako results and this may just be enough time for them to recommend going to phase 2 as they look to prove to Exxon that their expertise has warranted the very high price tag. Regards Paul