XTO Energy was founded as Cross Timbers Oil Company in 1985. The company changed its name to XTO Energy in 2001.
In 2007 XTO bought 1 trillion cubic feet of oil and gas reserves in the Rocky Mountains, Texas, and Louisiana from Dominion Resources for $2.5 billion.
In 2008, with the acquisition of Hunt Petroleum Corporation, XTO became the largest producer of natural gas in the U.S.
In 2009 XTO was acquired by ExxonMobil for $41 billion in stock.
Today XTO Energy Inc. is an oil and gas exploration company that buys and develops properties to produce oil and gas and develops unproved reserves.
The company has assets in Arkansas, Kansas, Louisiana, New Mexico, Oklahoma, Texas, and the Rockies.
XTO Energy Inc.XTO Energy was founded as Cross Timbers Oil Company in 1985. The company changed its name to XTO Energy in 2001.
In 2007 XTO bought 1 trillion cubic feet of oil and gas reserves in the Rocky Mountains, Texas, and Louisiana from Dominion Resources for $2.5 billion.
In 2008, with the acquisition of Hunt Petroleum Corporation, XTO became the largest producer of natural gas in the U.S.
History
In 2009 XTO was acquired by ExxonMobil for $41 billion in stock.
Today XTO Energy Inc. is an oil and gas exploration company that buys and develops properties to produce oil and gas and develops unproved reserves.
The company has assets in Arkansas, Kansas, Louisiana, New Mexico, Oklahoma, Texas, and the Rockies.