21-07-2016 18:41 via feedproxy.google.com

Exxon just beat out a competitor for a $2 billion natural gas explorer (XOM, IOC, OSH)

Exxon Mobil is buying InterOil in a deal worth more than $2.5 billion. 
In a statement on Thursday, Exxon said it will pay $45 per share for the oil and gas company, which has a market cap of about $2.4 billion. 
In addition, InterOil shareholders will get an additional contingent resource payment of $7.07 per share for each trillion cubic feet equivalent (tcfe) of the Elk-Antelope field that's above 6.2 tcfe. The field, which is being certified for its size, could see InterO
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