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November 26, 2015 5:26 PM ET

Oil, Gas and Consumable Fuels

Company Overview of XTO Energy Inc.

Company Overview

XTO Energy Inc. extracts natural gas from the U.S. shale and other tight formations. It also produces crude oil and natural gas liquids in the United States. The company primarily operates in Alaska, Arkansas, Colorado, Kansas, Louisiana, Montana, New Mexico, New York, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, and Wyoming. XTO Energy Inc. was formerly known as Cross Timbers Oil Company and changed its name to XTO Energy Inc. in June 2001. The company was founded in 1986 and is headquartered in Fort Worth, Texas. As of June 25, 2010, XTO Energy Inc. operates as a subsidiary of Exxon Mobil Corporation.

810 Houston Street

Suite 2000

Fort Worth, TX 76102-6298

United States

Founded in 1986

3,335 Employees





Key Executives for XTO Energy Inc.

Chief Executive Officer and Director
Age: 56
President and Director
Age: 60
Co-Founder, Chairman and Chairman of Executive Committee
Age: 66
Chief Financial Officer, Executive Vice President and Advisory Director
Age: 65
Vice President of Operations at Houston Division
Compensation as of Fiscal Year 2015.

XTO Energy Inc. Key Developments

Pate Ranch Owners Sue XTO Energy over Pipeline

Pate Ranch development southwest of Fort Worth along the Chisholm Trail Parkway are suing XTO Energy for putting a natural gas pipeline without making the required compensation. Pate Ranch Land L.P., states in a lawsuit filed in Tarrant County civil court that XTO, which got a state permit for the gathering system in 2013, neglected to condemn the land through eminent domain proceedings as required by law. XTO Energy built a 6.6-inch pipeline on the property as well as structures that include a compressor station. The land is south of Altamesa Boulevard and Dirks Road with the western boundary at Chisholm Trail Parkway. Albert speculated that ultimately XTO may be on the hook for 'meaningful, seven-digit compensation'. Provident Realty bought the land from 13 trusts tied to the late A.M. Pate Jr., according to Tarrant County deed records. It completed the purchase on October 30, 2015, the lawsuit and deed records show. In documents filed with the city of Fort Worth, the developers plan to use about 238 acres for single-family homes, 136 acres for mixed-use development and 93 acres for commercial. But in the lawsuit the owners say the presence of the gathering system will impact its use of the property. It announced XTO took the property through what is known as ‘inverse condemnation,’ which failed to provide the required compensation. Albert announced XTO is well versed in what is required before taking land for a pipeline, so the owners were surprised that no money had exchanged hands.

XTO Energy's Executives Reportedly Negotiate Possible Purchases

Executives with XTO Energy Inc. are meeting with small, closely held producers in the Permian Basin to negotiate possible purchases and joint ventures, according to three people familiar with the talks.

XTO Energy Seeks to Expand Butler County Gas Processing Facility

XTO Energy is looking at expanding its natural gas processing facility in Butler County. The company is planning to build a second plant at its Penn Cryo Facility in Penn Township. The plant would be capable of processing up to 125 million cubic feet per day and would double the facility's capacity, taking it to 250 million cubic feet per day. The facility opened in 2013 and is designed to recover natural gas liquids. It is XTO's first such facility in Appalachia. XTO has a long-term agreement with MarkWest Energy Partners to extend a natural gas liquids pipeline to the plant.

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