XTO Energy

XTO Energy Inc.
FormerlyCross Timbers Oil Company
Company typeSubsidiary
IndustryPetroleum industry
Founded1986 (1986)
FounderBob R. Simpson, Steve Palko, Jon Brumley
Headquarters,
Number of locations
Arkansas, Colorado, Kansas, Louisiana, Montana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, Wyoming, Western Canada, Neuquen
Key people
Staale Gjervik
(President)[1]
ProductsPetroleum
Natural gas
ParentExxonMobil
Websitextoenergy.com

XTO Energy Inc. is an American energy company and subsidiary of ExxonMobil principally operating in North America. Acquired by ExxonMobil in 2010 and based out of Spring, Texas, it is involved with the production, processing, transportation, and development of oil and natural gas resources.[2][3] The company specializes in developing shale gas via unconventional means like hydraulic fracturing and horizontal drilling.[4][5][6][7]

ExxonMobil's acquisition of XTO made it the largest producer of natural gas in the U.S. Since then, XTO Energy's resource portfolio has tripled through several acquisitions. The company owns interests in approximately 40,000 active oil and natural gas sites across North America, with locations in Arkansas, Colorado, Kansas, Louisiana, Montana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, Wyoming and Western Canada.[8][2][9][10]

  1. ^ "Exxon Mobil Corp (XOM)". Reuters. Retrieved December 3, 2015.
  2. ^ a b "XTO Energy Inc. Company Profile". hoovers.com. Hoover's. Retrieved 2 September 2014.
  3. ^ Pat King (26 August 2003). "XTO Energy Brings Old Oil, Gas Wells in Alaska Back to Life". AK Oil & Gas Reporter. Archived from the original on 2 April 2015. Retrieved 19 November 2014.
  4. ^ Joe Carroll (9 June 2011). "Exxon Expands U.S. Gas Reserves With $1.7 Billion Purchase". Bloomberg.com. Retrieved 3 September 2014.
  5. ^ Jim Polson; Joe Carroll (17 October 2012). "Exxon expands into Canadian shale with bid for Celtic". The Globe and Mail. Retrieved 3 September 2014.
  6. ^ Brian O'Keefe (16 April 2012). "Exxon's big bet on shale gas". Fortune. Retrieved 19 November 2014.
  7. ^ Cite error: The named reference Pearson09 was invoked but never defined (see the help page).
  8. ^ "XTO Operating Areas". xtoenergy.com. XTO Energy. Retrieved 2 September 2014.
  9. ^ Jim Polson; Joe Carroll (17 October 2012). "Exxon to Buy Celtic Exploration for $2.92 Billion". Bloomberg.com. Retrieved 2 September 2014.
  10. ^ "XTO, Linn swap Hugoton, Wolfcamp acreage". Oil & Gas Journal. 21 May 2014. Retrieved 2 September 2014.

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