After acquiring XTO Energy Inc. (XTO), a strengthened Exxon Mobil Corp. (XOM) would be the largest natural gas producer in the U.S. - and the fourth largest producer of crude and liquids, says the U.S. Energy Information Administration.
After acquiring XTO Energy Inc. (XTO), a strengthened Exxon Mobil Corp. (XOM)
would be the largest natural gas producer in the
U.S.
- and
the fourth largest producer of crude and liquids, says the U.S. Energy
Information Administration. The EIA says that based on annual reports filed
with the Securities and Exchange Commission, Exxon would produce 6.1% of the
country's natural gas and own 9.6% of its gas reserves. Also, the world's
largest publicly traded oil company would produce 5.3% of
U.S.
oil
and hold 7% of
U.S.
oil
reserves. Exxon said Monday it would acquire Forth Worth-based XTO, which has
huge reserves of unconventional gas, for $31 billion, and assume $10 billion in
debt.
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