Exxon-Xto Deal Forces Congress to Reconsider Natural Gas

Submitted by neilzusman on Tue, 08/24/2010 - 05:23

Publication Type:

Newspaper Article

Authors:

Kirkland,Joel

Source:

The New York Times : Climatewire (2010)

ISBN:

0362-4331

URL:

http://www.nytimes.com/cwire/2010/01/25/25climatewire-exxon-xto-deal-forces-congress-to-reconsider-94843.html?scp=9&sq=gas%20drilling&st=cse

Keywords:

companies

Notes:

By Joel Kirkland of ClimateWire, New York Times.

The $31 billion Exxon-XTO all-stock deal still has to jump some regulatory hurdles. If the merger becomes real, Exxon will be the largest natural gas producer in the country, controlling large chunks of acreage in the most promising onshore gas fields in the United States.

Texas, Louisiana, Oklahoma, Arkansas and the Appalachian regions of Pennsylvania and New York are the epicenter of shale gas, coalbed methane and tight-sand gas formations.

See: Marching Band, Quail Hunt Helped Exxon’s Tillerson to XTO Deal - Bloomberg.com