Friday, October 29, 2010

Ellora Energy - And the Winner is...Exxon

Back in July Ellora Energy announced that it had been sold to an unnamed buyer.  Yesterday we found out that the company that paid $695 million for the company's remaining assets - mostly located in the Haynesville Shale region - was Big Daddy Exxon.

The sale represented only 46,000 acres, but it should be complementary to Exxon's XTO Energy acquisition.

No comments: