Hearing is planned on ExxonMobil's acquisition of XTO

01/17/2010 | Reuters

A U.S. House panel is set to hold a hearing to discuss the potential impact of ExxonMobil's planned takeover of XTO Energy on the country's energy markets. The committee could look into several issues, including hydraulic fracturing, a controversial drilling method. If lawmakers decide to make the practice "illegal," ExxonMobil said, it could opt out of the deal, according to the merger agreement.

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