By David Bogoslaw
December 15, 2009
After years of talk about improved energy security for the U.S.—and a smaller carbon footprint for U.S. industry—natural gas seized the spotlight on Dec. 14 after ExxonMobil (XOM) announced a deal to acquire XTO Energy (XTO), one of the largest independent natural gas producers. The all-stock deal is worth $31 billion, plus the assumption of $10 billion in debt.
But could environmental concerns about the methods used to extract gas from its hiding place in the depths of shale deposits spoil the party?