XTO Energy
Part of ExxonMobil
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XTO Energy Snapshot
XTO Energy knows the X's and O's of a successful oil and gas strategy. It buys and develops mostly long-lived producing properties, and also explores unproved reserves. The company's assets are mainly in Arkansas, Kansas, Louisiana, New Mexico, Oklahoma, Texas, and the Rockies; it also has assets in Appalachia and the North Sea. XTO Energy owns stakes in more than 34,600 gross wells and operates gas gathering systems primarily in Arkansas, Kansas, Oklahoma, and Texas. In 2010 the company was acquired by Exxon Mobil in a $41 billion deal. Prior to the purchase XTO Energy reported proved reserves of 12.5 trillion cu. ft. of natural gas, 284 million barrels of oil, and 93 million barrels of natural gas liquids.
