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July 03, 2015 4:33 AM 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

Phone:

817-870-2800

Fax:

817-870-1671

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

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.

XTO Energy Inc. Appoints T.G. (Glenn) Scott as Vice-President, Advisory and Support Team and International Ventures

XTO Energy Inc. appointed T.G. (Glenn) Scott as Vice-President, Advisory and Support Team and International Ventures.

XTO Energy Inc. to Pay $2.3 Million for Violating Clean Water Act in West Virginia

The Department of Justice and the U.S. Environmental Protection Agency announced that XTO Energy Inc. will pay a civil penalty of $2.3 million for violations of the Clean Water Act and West Virginia law. The Clean Water Act prohibits the filling or damming of wetlands, rivers, streams, and other waters of the United States without a permit from the U.S. Army Corps of Engineers or Corps. The Clean Water Act requires a company to obtain a permit prior to discharging dredge or fill material into wetlands, rivers, streams, and other waters of the United States. The settlement also resolves alleged violations of state law asserted by WVDEP. The state of West Virginia is a co-plaintiff in the settlement and will receive half of the $2.3 million civil penalty. XTO Energy will spend an estimated $3 million to restore eight sites damaged by unauthorized discharges of fill material into streams and wetlands in connection with hydraulic fracturing operations. XTO will also implement a comprehensive plan to comply with federal and state water protection laws at the company's oil and gas extraction facilities in West Virginia that use horizontal drilling methods. The federal government and the West Virginia Department of Environmental Protection or WVDEP allege that the company impacted streams and discharged sand, dirt, rocks and other fill material into streams and wetlands without a federal permit in order to construct well pads, road crossings, freshwater pits, and other facilities related to natural gas extraction. The alleged violations being resolved by settlement occurred at eight sites located in the West Virginia Counties of Harrison, Marion and Upshur. The federal government and WVDEP allege that the violations impacted more than 5,300 linear feet of stream, and 3.38 acres of wetlands.

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