Exxon To Become Largest US Nat Gas Producer-EIA

Exxon To Become Largest US Nat Gas Producer-EIA
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Τετ, 16 Δεκεμβρίου 2009 - 19:03
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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