XOM will buy XTO, a significant player in the Bakken. XOM is now in the Bakken. With one deal, there could be another huge cash infusion into the North Dakota oil industry with XTO having new capital to expedite drilling program. Even CNBC mentioned "the Bakken in North Dakota" right after this deal was announced.
Wednesday, November 21, 2018
Happy Anniversary! ExxonMobil Has Been In The Bakken Almost Exactly Nine Years -- November 21, 2018
From a note dated November 29, 2009.
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