Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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Message: Wall Street Pit

Wall Street Pit

posted on Dec 15, 2009 09:37AM

Okay, just how much convincing a naysayer need?

http://wallstreetpit.com/12877-exxon-mobil-acquires-energy-giant-xto-energy-in-41b-deal

Following the transaction closing, Exxon plans to create a new upstream operation to manage global development and production of unconventional resources in order to increase and maximize resource value. The operation will be based in Fort Worth, where XTO has its headquarters. XTO, which claims about 45 trillion cubic feet of gas, will merge its U.S. gas holdings with some unconventional gas properties Exxon has acquired on a smaller scale in the past couple of years in British Columbia, Germany, Poland, Hungary and Germany.

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