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Tagged as The Mamas & The Papas
Breaking News Alert
The New York Times
Mon, December 14, 2009 — 8:34 AM ET
Exxon Mobil Agrees to Buy XTO Energy for $41 Billion
Exxon Mobil said Monday that it has agreed to buy XTO Energy,
a natural gas producer, for $31 billion in stock and the
assumption of $10 billion in debt, in one of the biggest
energy mergers of recent years.
XTO is a big player in the Barnett Shale field that is directly under Ft Worth. The gas drillers are all over the place making the streets dangerous to drive because of the big trucks and then there is the water table that is taking a large hit because the drillers use a lot of water in the drilling process. Some say there are very dangerous chemicals that are being released every day from some of the equipment and there have been reports of cattle and wild life being killed due to contaminated water. Life goes on here though.
A lot of the concern here is that the natural gas fracking process contaminates groundwater. Not good if you get your water from wells.
12.14.09 — NASA’s Wide-field Infrared Survey Explorer, or WISE, lifted off over the Pacific Ocean this morning on its way to map the entire sky in infrared light.
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