Tuesday, December 15, 2009

Exxon Deal May Be Green Light For Shale

Another interesting post up today, this one from Common Ground United
As the companies grow, the rights of landowners (especially those who do not own their mineral rights) shrink.

Exxon Deal May Be Green Light for Shale
"Others may have to follow its $30 billion purchase of XTO, a company that specializes in fracturing rock with water and sand to make natural gas flow"
By Jessica Resnick-Ault

"(Bloomberg) — Exxon Mobil's (XOM) $30 billion purchase of XTO Energy (XTO), the largest U.S. petroleum takeover since 2006, may signal a wave of acquisitions as major producers seek to tap growing gas and oil output from shale formations. More>>>