Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil
Green Car Congress
DECEMBER 14, 2009
XTO’s resource base is the equivalent of 45 trillion cubic feet of gas and includes shale gas, tight gas, coal bed methane and shale oil. The transaction value includes $10 billion of existing XTO debt and is based on the closing share prices of ExxonMobil and XTO on 11 December 2009. This represents a 25% premium to XTO stockholders.
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