XTO Energy, Inc. and its subsidiaries engage in the acquisition, development, exploitation, and exploration of producing oil and gas properties in the United States.
It also engages in the production, processing, marketing, and transportation of oil and natural gas.
The company's properties are concentrated in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska, Utah, Louisiana, Mississippi, Montana, North Dakota, Pennsylvania, and West Virginia.
As of December 31, 2007, it had estimated proved reserves of 6.94 trillion cubic feet of natural gas, 67 million barrels of natural gas liquids, and 214 million barrels of oil; and owned interests in 13,403 net producing wells.
XTO Energy markets its gas to brokers, local distribution companies, and end-users.
The company, formerly known as Cross Timbers Oil Company, was founded in 1985.
XTO Energy is headquartered in Fort Worth, Texas.
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