>We know there is gas in the ground worth billions of dollars. The treasure is their and the treasure seekers will always come searching.
And so does Exxon.
I don’t know in what shape or form XTO will continue in the future, but I’m sure that the name ‘Exxon’ will be on the front of it. Another thing I’m sure of, that XTO’s expertise will be used in the Makó trough.
http://www.marketwatch.com/story/exxon-mobil-to-buy-xto-energy-in-41-billion-deal-2009-12-14?pagenumber=1
"These will complement ExxonMobil's holdings in the United States, Canada, Germany, Poland, Hungary and Argentina," Exxon Mobil said.
Chief Executive Rex Tillerson said the oil major's acquisition of XTO Energy represents a big move into unconventional natural gas as a "material new resource for us."
The Irving, Texas energy giant has already made various acquisitions in the unconventional arena around the world, and the XTO deal will help it knit those pieces together, Tillerson said in a conference call with reporters.