The XTO approach follows a disciplined and time-tested philosophy. XTO has a 20-year track record of investing in and understanding how the unconventional resource base can be profitable – profitably commercialized and brought to the market and provided to consumers. Our teams use the newest technology, innovate solutions and work hard in the field to maximize operational performance. ExxonMobil and XTO’s combined expertise will better position us to meet America’s long-term needs for affordable, reliable, clean-burning natural gas.
- Formed Cross Timbers Oil Company in 1986 by Jon Brumley, Steve Palko and Bob Simpson
- Went public in 1993 on NYSE under ticker XTO
- Changed name in 2001 to XTO Energy Inc.
- Currently producing 2.90 Bcfe per day
- Year end 2009 reserves were 14.83 Tcfe, a 7% increase from year-end 2008
- Acquired by Exxon Mobil Corporation in 2010
