Exxon, XTO Probably Won’t Face U.S. Fracturing Rules, FBR Says – Bloomberg.com
Following ExxonMobil’s acquisition of XTO Energy, analysts suggested the merged giant was unlikely to face sweeping new federal restrictions on hydraulic fracturing. The deal signaled that shale had moved from regional gamble to global asset class. When a supermajor commits billions, regulatory bets are embedded in the transaction.
Source: Bloomberg.com (2010) Read More