XTO Energy Inc.’s natural gas exploration prowess expanded into the Appalachian Basin last week after the independent agreed to pay Linn Energy LLC $600 million to acquire 152,000 net acres, which are spread across the Marcellus Shale in western Pennsylvania and West Virginia.
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Wyatt Pleads Guilty in Iraqi Oil Scheme
Oscar S. Wyatt Jr., almost as well known for his legendary oil and natural gas prowess as his cantankerous personality, pleaded guilty Monday in a New York City courtroom to paying illegal kickbacks to Saddam Hussein’s enemy regime in exchange for oil contracts in 2001. The 83-year-old Houstonian faces up to 24 months in prison.
Wyatt Faces Jail Time for Iraqi Oil Scheme
Oscar S. Wyatt Jr., almost as well known for his legendary oil and natural gas prowess as his cantankerous personality, faces up to 24 months in prison after he pleaded guilty last week in a New York City courtroom to paying illegal kickbacks to Saddam Hussein’s regime in exchange for oil contracts in 2001.