Hunt Petroleum Sells to XTO Energy

XTO Energy announced today that it has acquired Hunt Petroleum in a deal valued at $4.186 billion, $2.6 billion in cash and 23.5 million shares of XTO common stock valued at approximately $1.6 billion, or $67.50 per share.

XTO, among other things, is one of two companies that won bids to drill for natural gas on city of Dallas property.