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词条 XTO Energy
释义

  1. Corporate overview

  2. History

     Early history  ExxonMobil purchase  2011 - present 

  3. Charitable contributions

  4. Regulatory issues

  5. References

  6. External links

{{Redirect|XTO|the airport in Queensland, Australia|Taroom Airport}}{{Infobox company
| name = XTO Energy Inc.
| logo =
| logo_caption =
| image =
| image_caption =
| trading_name =
| native_name =
| native_name_lang =
| romanized_name =
| former_name = Cross Timbers Oil Company
| former type =
| type = Subsidiary
| traded_as =
| industry = Oil and gas industry
| genre =
| fate =
| predecessor =
| successor =
| foundation = {{Start date and age|1986}}
| founder = Bob R. Simpson, Steve Palko, Jon Brumley
| defunct =
| location_city = Fort Worth, Texas
| location_country = United States
| locations = Arkansas, Colorado, Kansas, Louisiana, Montana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, Wyoming, Western Canada, Neuquen-Argentina
| area_served =
| key_people = Sara Ortwein
(President)[1]
| products = Petroleum
Natural gas
| brands =
| production =
| services =
| revenue =
| operating_income =
| net_income =
| aum =
| assets =
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| parent = Exxon Mobil Corporation
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| homepage = {{URL|www.xtoenergy.com}}
| footnotes =
| intl =
| bodystyle =
}}

XTO Energy Inc. is an American energy company, principally operating in America, specializing in the drilling and production of unconventional oil and natural gas assets, typically from shale rock through a process known as hydraulic fracturing. It is a subsidiary of Exxon Mobil Corporation.

The acquisition of XTO Energy in 2010 made ExxonMobil 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.

Corporate overview

XTO Energy is an energy producer based in Fort Worth, Texas which has operated as a subsidiary of ExxonMobil since 2010.[2][3] It is involved with the production, processing, transportation, and development of oil and natural gas resources.[2][3] The company specializes in developing shale gas via unconventional means like hydraulic fracturing and horizontal drilling.[4][5][6]

XTO Energy 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.[7][2][8][9]

History

Early history

XTO Energy was founded in 1986, and was initially called Cross Timbers Oil Company.[13] The company was started by Bob R. Simpson, Steve Palko and Jon Brumley with US$35 million raised by former Goldman Sachs co-chairman Robert Rubin.[10] Initially, the company purchased and developed long-lived oil and gas production properties.[11] The company went public in 1993.[12]

In 1996, Bob R. Simpson, one of the company's founders, became Chairman and Chief Executive Officer.[13] Simpson received his undergraduate and master's degrees in finance from Baylor University.[10] After Simpson took over, the company changed its strategy, from an even split of oil production and natural gas to focusing more heavily on natural gas.[11] In June 2001, the company changed its name from Cross Timbers Oil Company to XTO Energy Inc.,[14] to reflect the company's new focus on natural gas rather than oil.[14] "XTO" was chosen as it was the company's stock ticker symbol.[14] The company continued to grow through the acquisition and development of oil and natural gas properties, and in 2002 XTO Energy was ranked 5th on Fortunes "100 Fastest Growing Companies" list.[15]

ExxonMobil purchase

On December 14, 2009, ExxonMobil agreed to acquire XTO Energy Inc. through a merger.[16] ExxonMobil acquired XTO Energy in a deal valued at $36 billion, involving the issuance of 416 million shares of stock and assuming the company's $11 billion in debt.[17][18] The deal increased ExxonMobil's U.S. natural gas production to 3.68 billion cubic feet per day, making it the largest producer in the U.S.[19] The purchase by ExxonMobil was the largest by the company since the deal that created ExxonMobil in 1999.[20] The acquisition was finalized in June 2010.[4]

2011 - present

In June 2011, ExxonMobil acquired two natural gas companies in Pennsylvania—Phillips Resources Inc. and TWP Inc.—for $1.69 billion.[4] After the acquisition, both companies were managed by XTO Energy.[4] The acquisition added about 317,000 acres in Marcellus Shale to ExxonMobil's portfolio.[4] In August of the same year, ExxonMobil leveraged XTO Energy's expertise in a trade with Russian oil company Rosneft in a deal worth $3.2 billion, giving ExxonMobil access to oil and gas opportunities in the Russian Arctic.[21][22]

In September 2012, ExxonMobil and XTO Energy signed a land exchange agreement with Denbury Onshore LLC, acquiring 196,000 acres in the Bakken Shale in North Dakota and Montana.[23] In exchange for the acreage, Denbury Onshore received $1.6 billion in cash and operating interests in the Hartzog Draw Field in Wyoming and the Webster Field in Texas.[23]

During 2013, XTO Energy expanded its production in the Appalachian region of the U.S. by nearly 30%.[24]

In February 2014, XTO Energy agreed to let American Energy–Utica LLC buy into 30,000 acres of its holdings in the Utica Shale located in the Harrison, Jefferson and Belmont counties of Ohio.[24]

{{As of|2014}}, the size of XTO Energy's resource portfolio had tripled since it was acquired by ExxonMobil in 2010.[25]

In August 2015, Exxon Mobil Corporation signed two agreements to drill on 48,000 acres in the core of the Midland Basin to be operated by XTO Energy. XTO operates 11 horizontal and four vertical rigs across 1.5 million net acres in Texas' Permian Basin.[26][27]

Charitable contributions

In 2008, XTO Energy began supporting Navarro College's petroleum technology certificate program.[28] Since 2009, XTO Energy has partnered with Habitat for Humanity to build homes in Fort Worth.[29] In 2010, XTO Energy and ExxonMobil gave a $5 million grant to Colorado State University to fund studies on the impact of oil and gas drilling on wildlife. The grant resulted in 20 research projects.[30][31]

In April 2013, XTO Energy gave $100,000 to Butler County Community College.[32] The funds helped establish a petroleum technology training center.[32] Also in 2013, XTO Energy donated $200,000 to the American Red Cross to support efforts to help Colorado communities with natural disaster protection and recovery.[33]

In April 2014, XTO Energy donated $25,000 in the form of grants to Westmoreland County Community College in Pittsburgh to help students enrolled in the Petroleum Industrial Processing Operations Technology program offset tuition and travel costs, as well as purchase equipment for the school.[34] Also in 2014, XTO Energy donated 21 historic Navajo blankets to the Farmington Museum in New Mexico; the blankets were valued at $175,000.[35]

In 2015, XTO contributed $5 million to the North Dakota Housing Incentive Fund, supporting the construction of low-cost apartments for teachers and emergency personnel. The donation was the largest since the fund was established in 2011.[36]

Regulatory issues

In July 2013, XTO agreed with the U.S. Environmental Protection Agency to pay a $100,000 fine for a November 2010 water spill at a Pennsylvania water recycling operation.[37] In September 2013, the Pennsylvania Attorney General filed criminal charges against XTO, stemming from this incident.[38]

In October 2013, the federal Office of Natural Resources Revenue issued a $648,000 civil penalty against XTO for not providing data regarding a federal lease in Kansas.[39] XTO has stated that it did provide the required records, but that the process was time consuming.[39] As of 2013, XTO Energy had requested a hearing on the matter.[39]

In April 2015, a study published by researchers at Southern Methodist University (SMU) in Dallas allegedly connected two XTO-operated wastewater disposal wells with a series of earthquakes in Azle, Texas, occurring in 2013.[40] In August 2015, preliminary findings by investigators with the Texas Railroad Commission found a disposal well operated near Azle by XTO Energy was unlikely to have caused the seismic activity, which contradicted the SMU study.[41] In November 2015, the final decision by the Texas Railroad Commission unanimously agreed with hearing examiners that there was not enough evidence to support findings that the wells contributed to seismic activity and that XTO should be able to maintain its permit for the wells.[42][43][44]

References

1. ^{{cite web |url=https://www.reuters.com/finance/stocks/companyOfficers?symbol=XOM#lCoSgtMfGPhfPCS9.97 |title=Exxon Mobil Corp (XOM)|accessdate=December 3, 2015 |publisher=Reuters}}
2. ^{{cite web |url=http://www.hoovers.com/company-information/cs/company-profile.XTO_Energy_Inc.a8eb40e734e93f37.html |title=XTO Energy Inc. Company Profile |date= |work=hoovers.com |publisher=Hoover's |accessdate=2 September 2014}}
3. ^{{cite news |title=XTO Energy Brings Old Oil, Gas Wells in Alaska Back to Life |author=Pat King |url=http://www.highbeam.com/doc/1G1-119688521.html |archive-url=https://web.archive.org/web/20150402210549/http://www.highbeam.com/doc/1G1-119688521.html |dead-url=yes |archive-date=2 April 2015 |work=AK Oil & Gas Reporter |date=26 August 2003 |accessdate=19 November 2014}}
4. ^{{cite web |url=https://www.bloomberg.com/news/2011-06-09/exxon-buys-natural-gas-companies-phillips-twp-for-1-69-billion.html |title=Exxon Expands U.S. Gas Reserves With $1.7 Billion Purchase |author=Joe Carroll |date=9 June 2011 |work=Bloomberg.com |accessdate=3 September 2014}}
5. ^{{cite news |title=Exxon expands into Canadian shale with bid for Celtic |author1=Jim Polson |author2=Joe Carroll |url=https://www.theglobeandmail.com/globe-investor/exxon-makes-a-land-grab-with-26-billion-deal-for-celtic/article4617626/ |work=The Globe and Mail |date=17 October 2012 |accessdate=3 September 2014}}
6. ^{{cite news |title=Exxon's big bet on shale gas |author=Brian O'Keefe |url=http://fortune.com/2012/04/16/exxons-big-bet-on-shale-gas/ |work=Fortune |date=16 April 2012 |accessdate=19 November 2014}}
7. ^{{cite web |url=http://xtoenergy.com/areasofoperation.html |title=XTO Operating Areas |work=xtoenergy.com |publisher=XTO Energy |accessdate=2 September 2014}}
8. ^{{cite web |url=https://www.bloomberg.com/news/2012-10-17/exxon-canada-to-acquire-celtic-exploration-to-add-alberta-output.html |title=Exxon to Buy Celtic Exploration for $2.92 Billion |author1=Jim Polson |author2=Joe Carroll |date=17 October 2012 |work=Bloomberg.com |accessdate=2 September 2014}}
9. ^{{cite web |url=http://www.ogj.com/articles/2014/05/xto-linn-swap-hugoton-wolfcamp-acreage.html |title=XTO, Linn swap Hugoton, Wolfcamp acreage |date=21 May 2014 |work=Oil & Gas Journal |accessdate=2 September 2014}}
10. ^{{cite web |url=http://www.bizjournals.com/dallas/stories/2009/06/29/tidbits3.html?page=all |title=Facetime with XTO Energy's Bob Simpson |author=Shashana Pearson-Hormillosa |date=28 June 2009 |work=Dallas Business Journal |accessdate=2 September 2014}}
11. ^{{cite web |url=http://news.investors.com/business-the-new-america/032701-343409-cross-timbers-oil-co-fort-worth-texas-discount-energy-firm-keeps-on-drilling-away.htm#ixzz356eb1SJU |title=CROSS TIMBERS OIL CO. /Fort Worth, Texas 'Discount' Energy Firm Keeps On Drilling Away |author=Amy Reeves |date=27 March 2001 |work=investors.com |publisher=Investor's Business Daily |accessdate=2 September 2014}}
12. ^{{cite news |title=Natural-Gas Production Hike Aids XTO Energy's Profits |author=Dan Piller |url=http://www.highbeam.com/doc/1G1-85130456.html |archive-url=https://web.archive.org/web/20150402095217/http://www.highbeam.com/doc/1G1-85130456.html |dead-url=yes |archive-date=2 April 2015 |work=Fort Worth Star-Telegram |date=26 April 2002 |accessdate=2 September 2014}}
13. ^{{cite web|url=http://www.businessweek.com/bw50/2005/executive/XTO.htm |title=XTO Energy |work=Bloomberg.com |accessdate=2 September 2014 |deadurl=yes |archiveurl=https://web.archive.org/web/20081012223600/http://www.businessweek.com/bw50/2005/executive/XTO.htm |archivedate=October 12, 2008 }}
14. ^{{cite news |title=Fort Worth, Texas-Based Cross Timbers Oil Changes Name to XTO Energy |author=Dan Piller |url=http://www.highbeam.com/doc/1G1-74574253.html |archive-url=https://web.archive.org/web/20150402125110/http://www.highbeam.com/doc/1G1-74574253.html |dead-url=yes |archive-date=2 April 2015 |work=Fort Worth Star-Telegram |date=16 May 2001 |accessdate=2 September 2014}}
15. ^{{cite news |title=Fortune's 100 Fastest Growing Who made this year's list? A few familiar faces. And lots of newcomers |author=Matthew Boyle |url=http://archive.fortune.com/magazines/fortune/fortune_archive/2002/09/02/327908/index.htm |work=Fortune |date=2 September 2002 |accessdate=17 November 2014}}
16. ^{{cite web |url=http://www.economist.com/node/15127518 |title=Unconventional |date=17 December 2009 |work=economist.com |publisher=The Economist |accessdate=2 September 2014}}
17. ^{{cite web |url=https://www.sec.gov/Archives/edgar/data/34088/000119312511047394/d10k.htm#fin121382_44 |title=Form 10-K Exxon Mobil Corporation |author= |date=31 December 2010 |work=sec.gov |publisher=U.S. Securities and Exchange Commission |accessdate=12 December 2014}}
18. ^{{cite news |title=ExxonMobil Opens at Lifetime High, Holding onto Gas Opportunities from 2010 XTO Merger |author= |url=http://www.oilandgas360.com/exxonmobil-opens-lifetime-high-holding-onto-gas-opportunities-2009-xto-merger/ |work=Oil & Gas 360 |date=24 June 2014 |accessdate=12 December 2014}}
19. ^{{cite news |title=Exxon global unconventional gas assets mesh with XTO properties |author=Barbara Shook |url=http://www.highbeam.com/doc/1G1-215724752.html |archive-url=https://web.archive.org/web/20150402151437/http://www.highbeam.com/doc/1G1-215724752.html |dead-url=yes |archive-date=2 April 2015 |work=Natural Gas Week |date=21 December 2009 |accessdate=2 September 2014}}
20. ^{{cite news |title=Exxon Bets Big on Gas With Deal For XTO |author=Russel Gold |url=https://online.wsj.com/news/articles/SB10001424052748704869304574595710440167726 |work=The Wall Street Journal |date=15 December 2009 |accessdate=2 September 2014}}
21. ^{{cite web |url=http://www.dallasnews.com/business/energy/20121017-exxon-buying-canadas-celtic-exploration-oil-shale-company-for-2.6-billion.ece |title=Exxon buying Canada's Celtic Exploration oil shale company for $2.6 billion |author=Elizabeth Souder |date=17 October 2012 |work=dallasnews.com |publisher=The Dallas Morning News |accessdate=3 September 2014}}
22. ^{{cite web |url=http://www.highbeam.com/doc/1G1-267810749.html |archive-url=https://web.archive.org/web/20150924153237/http://www.highbeam.com/doc/1G1-267810749.html |dead-url=yes |archive-date=24 September 2015 |title=Exxon the M&A powerhouse |author= |date=7 September 2011 |work=Energy Intelligence Finance |accessdate=3 September 2014}}
23. ^{{cite web |url=http://www.ogfj.com/articles/2012/09/denbury-swaps-bakken-oil-shale-acreage-for-co2-resources.html |title=Denbury Swaps Bakken Shale Acreage with ExxonMobil for CO2 Resources |date=20 September 2012 |work=Oil & Gas Financial Journal |accessdate=3 September 2014}}
24. ^{{cite web |url=http://www.ogj.com/articles/2014/02/exxonmobil-expands-permian-acreage-enters-utica-agreement.html |title=ExxonMobil expands Permian acreage, enters Utica agreement |date=3 February 2014 |work=Oil & Gas Journal |accessdate=3 September 2014}}
25. ^{{cite web |url=http://petroglobalnews.com/2014/02/xto-energy-continue-aggressive-us-shale-expansion-with-new-deals/ |title=XTO Energy continues aggressive U.S. shale expansion with new deals |author= |date=4 February 2014 |work=Petro Global News |accessdate=3 September 2014}}
26. ^{{cite web |url=http://fuelfix.com/blog/2015/08/06/exxon-secures-more-permian-basin-fields/#26983101=0 |title=Exxon secures more Permian Basin fields |author=Robert Grattan |date=6 August 2015 |work=FuelFix |accessdate=12 November 2015}}
27. ^{{cite web |url= https://www.reuters.com/article/2015/08/06/us-exxon-mobil-permian-idUSKCN0QB25D20150806 |title=Exxon's planned expansion in Texas points to pickup in energy deals |author=Anna Driver | date=6 August 2015 |work=Reuters |accessdate=12 November 2015}}
28. ^{{cite news |title=Oil and gas companies contribute toward new facility at Navarro College |author=Thornton Hustler |url=http://groesbeckjournal.our-hometown.com/news/2010-02-11/Thornton_Hustler/Oil_and_gas_companies_contribute_toward_new_facili.html |work=Groesbeck Journal Today |date=11 February 2010 |accessdate=17 November 2014}}
29. ^{{cite web|url=http://www.dfwi.org/what-we-do/news/211-XTO-Energy-Builds-5th-Annual-Trinity-Habitat-For-Humanity-Home-At-Sundance-Square |title=XTO Energy Builds 5th Annual Trinity Habitat For Humanity Home At Sundance Square |date=11 September 2013 |work=dfwi.org |publisher=Downtown Fort Worth |accessdate=3 September 2014 |deadurl=yes |archiveurl=https://web.archive.org/web/20150402095756/http://www.dfwi.org/what-we-do/news/211-XTO-Energy-Builds-5th-Annual-Trinity-Habitat-For-Humanity-Home-At-Sundance-Square |archivedate=April 2, 2015 }}
30. ^{{cite web |url=http://www.coloradoan.com/story/news/2014/02/05/exxonmobil-gives-csu-5m-research-grant/5236947/ |title=ExxonMobil gives CSU $5M research grant |author=Ryan Maye Handy |date=5 February 2014 |work=coloradoan.com |publisher=Fort Collins Coloradoan |accessdate=2 September 2014}}
31. ^{{cite news |title=Oil and gas companies pour money into research universities |author=Joshua Zaffos |url=http://www.hcn.org/issues/45.1/oil-and-gas-companies-pour-money-into-research-universities?b_start:int=0#body |work=High Country News |date=January 22, 2013 |accessdate=27 January 2015}}
32. ^{{cite web |url=http://www.bizjournals.com/pittsburgh/print-edition/2014/05/09/xto-embraces-good-neighbor-policy-with-butler.html?page=all |title=XTO embraces good-neighbor policy with Butler |author=Harry Funk |date=9 May 2014 |work=Pittsburgh Business Times |accessdate=2 September 2014}}
33. ^{{cite press release |title=ExxonMobil Contributes to Colorado Preparedness and Relief Effort |url=http://www.redcross.org/news/article/ExxonMobil-Contributes-to-Colorado-Preparedness-and-Relief-Effort |publisher=American Red Cross |date=22 October 2013 |accessdate=3 September 2014}}
34. ^{{cite web |url=http://www.bizjournals.com/pittsburgh/blog/morning-edition/2014/04/wccc-receives-25k-from-xto-energy.html |title=WCCC receives $25K from XTO Energy |author=Justine Coyne |date=25 April 2014 |work=Pittsburgh Business Times |accessdate=2 September 2014}}
35. ^{{cite news|title=Farmington Museum receives 21 historic Navajo blankets |author=Joshua Kellogg |url=http://www.daily-times.com/four_corners-news/ci_25999710/farmington-museum-receives-21-historic-navajo-blankets |work=The Daily Times |date=19 June 2014 |accessdate=2 September 2014 |deadurl=yes |archiveurl=https://web.archive.org/web/20140621235848/http://www.daily-times.com/four_corners-news/ci_25999710/farmington-museum-receives-21-historic-navajo-blankets |archivedate=June 21, 2014 }}
36. ^{{cite web |url= https://www.reuters.com/article/2015/07/27/exxon-mobil-northdakota-idUSL1N10717B20150727 |title=Exxon Mobil donates $5 mln to North Dakota housing fund |author=Ernest Scheyder |date=27 July 2015 |work=Reuters |accessdate=15 November 2015}}
37. ^{{cite web|url=http://www.foxbusiness.com/news/2013/07/18/xto-energy-agrees-to-pay-100000-fine-for-fracking-spill/ |title=XTO Energy agrees to pay $100,000 fine for fracking spill |author=Mica Rosenberg |date=18 July 2013 |work=foxbusiness.com |publisher=Fox Business Network |accessdate=3 September 2014 |deadurl=yes |archiveurl=https://web.archive.org/web/20150402191142/http://www.foxbusiness.com/news/2013/07/18/xto-energy-agrees-to-pay-100000-fine-for-fracking-spill/ |archivedate=April 2, 2015 }}
38. ^{{cite web |url=http://www.bizjournals.com/dallas/blog/morning_call/2013/09/xto-faces-criminal-charges-in.html |title=XTO faces criminal charges in Pennsylvania wastewater case |author=Lance Murray |date=12 September 2013 |work=Dallas Business Journal |accessdate=3 September 2014 }}
39. ^{{cite web|url=http://blogs.star-telegram.com/barnett_shale/2013/10/xto-energy-hit-with-648000-fine-from-federal-agency.html#storylink=cpy |title=XTO Energy hit with $648,000 fine from federal agency |author=Jim Fuquay |date=22 October 2013 |work=Barnett Shale |publisher=Star-Telegram.com |accessdate=5 September 2014 |deadurl=yes |archiveurl=https://web.archive.org/web/20140415123719/http://blogs.star-telegram.com/barnett_shale/2013/10/xto-energy-hit-with-648000-fine-from-federal-agency.html |archivedate=April 15, 2014 }}
40. ^{{cite web |url=http://www.nature.com/ncomms/2015/150421/ncomms7728/full/ncomms7728.html |title=Causal factors for seismicity near Azle, Texas |author=Matthew J. Hornbach & co |date=21 April 2015 |work=Nature Communications |publisher=nature publishing group |accessdate=12 November 2015}}
41. ^{{cite web |url=http://www.dallasnews.com/business/energy/20150831-railroad-commission-xto-not-to-blame-for-azle-earthquakes.ece |title=Railroad Commission: XTO not to blame for Azle earthquakes |author=James Osborne |date=31 August 2015 |work=The Dallas Morning News |accessdate=12 November 2015}}
42. ^{{cite web |url=http://www.star-telegram.com/news/business/article42607200.html#storylink=cpy |title=Texas: Azle earthquakes aren't due to injection wells |author=Max B. Baker |date=3 November 2015 |work=Fort Worth Star-Telegram |accessdate=12 November 2015}}
43. ^{{cite web |url=http://www.texastribune.org/2015/11/03/quake-question-railroad-commission-sides-energy-co/ |title=On Quakes, Regulator Sides with Energy Companies |author=Jim Malewitz |date=3 November 2015 |work=Texas Tribune |accessdate=12 November 2015}}
44. ^{{cite web |url=http://fuelfix.com/blog/2015/11/03/texas-regulator-maintains-gas-company-permits-despite-quakes/#2572101=0 |title=Texas regulator maintains gas company permits despite quakes |author=Anon |date=3 November 2015 |work=Associated Press |publisher=Fuel Fix Blog |accessdate=12 November 2015}}

External links

  • XTO Energy Homepage
  • ExxonMobil Homepage
{{ExxonMobil}}{{DEFAULTSORT:Xto Energy}}

5 : Oil companies of the United States|Companies based in Fort Worth, Texas|Natural gas companies of the United States|ExxonMobil subsidiaries|2010 mergers and acquisitions

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