A few weeks ago, Energy behemoth Exxon/Mobil purchased domestic natural gas supplier XTO, a company heavily invested in the Pennsylvania shale gas business.



On Wall Street, XTO share prices rose following the merger announcement. Indeed, the value of many companies involved in domestic shale exploration surged on the news of the purchase. The XTO purchase is the most significant acquisition Exxon has made since they purchased Mobil back in 1999. What does this thirty-one… Continue