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Tag Archives: M & A

Exxon Mobil joins Permian land rush

oil derrick

Exxon Mobil announced Tuesday it will sell $5.6 billion in stock to acquire companies that control prime areas of oil and gas real estate in the Permian Basin. The company estimates that 60 billion barrels of oil reside under the land included in the oil and gas interests soon acquired from Fort Worth’s Bass family. About 3.4 billion barrels is ...

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Shareholders approve sale of Westar Energy to Great Plains

power lines, energy

TOPEKA, Kan. (AP) — Stockholders have overwhelmingly approved the $12.2 billion sale of Topeka-based electric company Westar Energy to Missouri-based Great Plains Energy, the two firms announced Monday. Westar is Kansas’ largest electric company, and after the acquisition, Great Plains would serve more than 1.5 million customers in the two states. The two companies say combining operations would result in ...

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