COMPANY NEWS: XTO to acquire Hunt Petroleum, Bakken shale acreage

Fort Worth independent XTO Energy Inc. plans to acquire privately held Hunt Petroleum Corp. of Dallas and other associated entities for $4.186 billion in a cash-stock deal.XTO’s acquisition follows close on the heels of another large acquisition. XTO last month agreed to acquire producing properties and undeveloped acreage in the Williston basin Bakken shale from privately held Headington Oil Co. LP, Dallas, for $1.85 billion in a cash-stock deal.In other recent company news: The boards of Grey Wolf Inc. and Basic Energy Services Inc. have approved a definitive agreement to combine the two companies in a merger of equals. The estimated enterprise value of the combined company would ...

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