New York Times...By: Jad Mouawad & Clifford Krauss
Exxon Mobil has purchased XTO for
31 Billion. This acqusition extends
Exxon's bet that fossil fuels will
remain a critical part of our Nation's
energy supplies for decades.
Shale gas drilling poses some en-
vironmental concerns in the com-
munities where it occurs.
XTO reported a 23 percent jump
in gas production in the third
quarter. Exxon will assume XTO's
10 Billion in debt as part of the deal.