Exxon - XTO Purchase Hearing
We reported previously on the Exxon Mobil - XTO purchase. The NYT is reporting that a House Energy and Commerce panel will be looking at the financial ramifications of the deal. But that isn't all: "In addition to discussing the financial ramifications of the deal and the environmental impact of hydraulic fracturing, lawmakers could also question the executives about other oil and gas issues, such as increased offshore and public lands drilling or executive compensation, [one analyst] said."
[Update: For more, see this NYT article (e.g., "Tillerson and XTO Energy CEO Bob Simpson told the congressional panel they could support a federal requirement that producers disclose those chemicals. But they said additional U.S. EPA regulation -- or an outright ban on the process to protect drinking water -- would bring a quick and certain end to unconventional gas development in the United States."). (Moved up.)]
