Related Blog Posts
Good news for Wyo revenues–Natural gas execs see good times ahead, survey says
10 hours ago ago from Cowboy State Free Press
From Wyoming Energy News HOUSTON, TEXAS The North American natural gas business has its best days ahead, according to a survey of the industry taken by the consulting and accounting firm Deloitte. Natural gas revenues are a significant revenue source for Wyoming state government. Despite low natural gas prices, and the expectation of more layoffs and cost-cutting in 2010, 84 percent of the oil and gas executive surveyed are ...
Related contentExxon Mobil moves into natural gas with XTO Energy buyout
12 hours ago ago from Photomaniacal
• Buyout is the world's sixth largest corporate deal of 2009 • Exxon looking to tap into unconventional' resources America's largest oil company, Exxon Mobil, placed a huge bet on the future of gas-fuelled power yesterday by striking a $41bn (£25bn) deal to buy a Texas-based production company, XTO Energy, giving it access to potentially lucrative natural gas reserves across the US. The buyout is the sixth largest corporate ...
Related contentNo Title
22 hours ago ago from Baby Bathtime
Click here to buy! Looking for that unique, one of a kind gift? Look no further! *RARE* No longer manufactured Burt's Bees BAY RUM SHAVING KIT Plus FREE Burt's Bees SHAVING SOAP 3 oz BAR Six (6) Natural Shaving Products packaged for gift-giving * Bay Rum Shaving Soap (3 oz.) TWO (2)* Bay Rum Aftershave Balm (4 fl. oz.) * Burt's Bees ...
Related contentExxon pays $31bn for US gas leader
10 hours ago ago from Indian googler
Image via Wikipedia Exxon Mobil, the biggest US oil company, yesterday agreed to buy XTO Energy for $31 billion (R230bn) in a bet that US emissions restrictions would spur increased demand for natural gas. The transaction values XTO, the largest producer of US natural gas, at $51.69 a share, 25 percent higher than its last closing price. This says that Exxon isn't shy about stepping up exposure to the natural gas market, said an ...
Related contentExxonMobil & XTO: Big Oil Gets Even Larger (XOM, XTO)
18 hours ago ago from 24/7 Wall St.
Big oil is about to get even larger. Exxon Mobil Corporation (NYSE: XOM) and XTO Energy Inc. announced an all-stock merger transaction valued at $41 billion. This merger, or acquisition, is meant to enhance ExxonMobil's position in the development of unconventional natural gas and oil resources. ExxonMobil has agreed to issue 0.7098 common shares for each common share of XTO. The deal has already been approved by the boards of directors ...
Related contentRelated News
Exxon Mobil to purchase XTO Energy
9 hours ago ago from BloggingStocks
Natural gas has been the "black sheep" of the energy sector. Natural gas is trading at historic lows . Why is this purchase noteworthy? Exxon Mobil ( XOM ) traditionally has been a pure oil company. Now Exxon makes a bold move into the natural gas segment by buying one of the largest US natural gas producers, XTO Energy ( XTO ). Jim Halloran of Financial America Securities said: "the deal validates the notion that the natural gas market ...
Related contentXTO Energy and Exxon Mobil: The Natural Gas Price Question - MarketBeat - WSJ
11 hours ago ago from Wall Street Journal
By Matt Phillips Exxon's announced purchase of domestic natural gas producer XTO Energy has many wondering whether the integrated oil giant sees the price of natural gas clawing its way out of the $2.50-to-$6 range it's traded in this year. Natural gas rose 8.6 cents to $5.249 per 1,000 cubic feet, Monday. (Back in the summer of 2008, natural gas futures futures were floating above $13.) In a conference call with analysts Exxon officials ...
Related contentRelated Videos
Nothing to see... move along.
