According to a Bloomberg article released today, Exxon has "agreed to buy XTO Energy for $31 billion in a bet that U.S. emissions restrictions will spur increased demand for natural gas".
Exxon is acquiring XTO "for its exposure to shale gas and other unconventional gas discoveries that have reshaped North America's natural gas industry", according to a Reuters' article.
Exxon is expecting demand for natural gas to grow with U.S. legislation that prompts power producers to switch from coal to natural gas. Seeing them step up their exposure to natural gas is certainly a positive sign being that it's coming from such a large oil company.
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