Saturday, September 25, 2010

ExxonMobile's Purchse of XTO is a "Game-Changing" moment

The thought of a corporate behemoth settling in Arkansas with the size, breadth and market-moving influence of Wal-Mart would undoubtedly be big news.

Yet unbeknownst to most, oil giant ExxonMobil has quietly acquired huge stakes in Arkansas's Arkoma and Fayetteville Shale plays when it purchased Fort Worth-based XTO Energy in late June in an all-stock deal worth $30 billion.

And many Wall Street analysts and energy experts say the XTO deal is a "game-changing" moment in the nation's energy outlook, signaling a shift in the never-ending hunt for new energy sources.

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