XTO Energy
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. The company specializes in developing shale gas via unconventional means like hydraulic fracturing and horizontal drilling.
| Formerly | Cross Timbers Oil Company |
|---|---|
| Company type | Subsidiary |
| Industry | Petroleum industry |
| Founded | 1986 |
| Founder | Bob 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) |
| Products | Petroleum Natural gas |
| Parent | ExxonMobil |
| Website | xtoenergy.com |
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.