Dallas losing a little more of what’s left of it’s tiny soul
Posted by TFG on 11th June 2008
Oil and natural-gas producer XTO Energy Inc. said it will buy closely held Hunt Petroleum Corp. for $4.19 billion in cash and stock, in a deal that highlights the changing of the guard in the U.S. oil patch.
Hunt Petroleum, which traces its lineage to legendary wildcatter H.L. Hunt, is the largest in a series of private companies, many of them family-owned, that have sold to larger public companies in recent months.
Um, XTO is based in Ft. Worth. And I think, though I might disremember, that it was HL Hunt who claimed he hated the place so much that he would take his own lunch with him in a brown bag whenever he was forced to take the turnpike over there to Panther City to conduct commerce.
Oh, well…at least it’s staying in Texas, with the Arlington Cowboys and the Arlington Rangers.
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