Tuesday, June 10, 2008 , Updated
Fort Worth-based XTO Energy to acquire Hunt Petroleum
You only need four of these and some change to buy Hunt Petroleum.
It seems as if Fort Worth has finally won one battle with big brother Dallas: XTO Energy, based out of Fort Worth, announced this morning that they are acquiring Hunt Petroleum Corporation, which has its corporate offices in Dallas, for $4.19 billion worth of cash and stocks.
Given last night's contentious Barnett Shale hearing, one gets the feeling that some people might not be too happy that a major player in that area is extending its reach.
Posted by Alex B.
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