ExxonMobil-XTO Energy Deal Seen As A Harbinger Of Good Times For Struggling Western Slope

03/18/2010 05:12 am ET | Updated May 25, 2011

In a move seen as a vote of confidence in the future of America's natural gas industry, ExxonMobil said Monday it plans to acquire XTO Energy Inc. in a $41 billion deal.

Both companies have operations in western Colorado's Piceance Basin. XTO also has been "a major player" in the San Juan Basin in southwestern Colorado and northern New Mexico, said Carter Mathies, president of Clover Energy Services LLC in Grand Junction.

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