Exxon/XTO

Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

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JS490

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Exxon/XTO

posted on Mar 20, 2017 11:53PM

After the Foldeak-1 well in Hungary was unsuccessful in 2009, Exxon's partnership with Falcon quickly dissolved.

Right around that same time, Exxon purchased XTO Energy, in a deal worth tens of billions of dollars.

Here is a very interesting article from 2015 about Exxon's big leap, and subsequent journey, into the U.S. unconventional resource arena (via XTO).

Maybe similar articles will be written in the future about the players in the Beetaloo Basin of Australia.

XTO Proves Unconventional Growth Machine for ExxonMobil

https://pgjonline.com/2015/03/16/xto-proves-unconventional-growth-machine-for-exxonmobil/