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Operator Name: XTO ENERGY INC | Loading map...
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Address: 395 AIRPORT RD | |
City: INDIANA | |
State: PA | |
Zip Code: 15701 | |
Unconventional: Yes |
Fort Worth, Texas-based XTO Energy Inc (NYSE: XTO) is a domestic natural gas production company that has grown primarily through acquisition of properties from other drillers. In December, 2009 it was announced that Exxon Mobil Corp had acquired XTO in an all stock deal. XTO paid $600 million for the right to drill on 142,000 Marcellus shale acres formerly owned by Linn Energy. At the time it had been the highest amount ever paid for Marcellus shale drilling rights, and the deal closed on July 1, 2008.[1]