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Exxon Mobil Acquiring XTO Energy in $41B Deal; Enhances US Position in Unconventional Natural Gas and Oil

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Its properties are concentrated in Texas, New Mexico, North Dakota, Pennsylvania, West Virginia, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Utah, Louisiana and Montana. The new organization will be located in Fort Worth, Texas, in XTO’s current offices. In connection with the transaction, J.P. Morgan Securities Inc.

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Early results from Univ. of Texas hydraulic fracturing study show no direct link to groundwater contamination; contamination problems appear related to other aspects of drilling ops

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Groat provided initial observations from the study, which the Energy Institute is funding, at a briefing in Fort Worth attended by local government officials, regulators, energy company executives, representatives of community groups and others. A peer group also will review the team’s findings.

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