ExxoN/XTO: Congressional Hearings Scheduled
January 15, 2010
Exxon/XTO deal will get the Congressional scrutiny
ExxonMobil's planned takeover of natural gas shale player XTO will be the focus of a planned hearing by a subcommittee of the House's Energy and Commerce Subcommittee next week.
The Subcommittee on Energy and Environment will hold a hearing titled "The ExxonMobil-XTO Merger: Impacts on U.S. Energy Markets," on Wednesday, January 20.
The witnesses include Exxon Mobil Chairman and CEO Rex Tillerson, and XTO Chariman Bob Simpson. Exxon confirmed Tillerson will be there.
Plans for a hearing were previously announced, but the title doesn't seem to indicate that hydraulic fracturing will be a topic.
A webcast of the hearing will be available at www.energycommerce.house.gov.
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GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
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