XTO Eyes Forming MLP for Existing Portfolio, New Assets

In conjunction with Monday's announcement of a $2.5 billion producing property acquisition, XTO Energy Inc. plans to review its entire portfolio of producing properties, including this new acquisition, for selective inclusion in a master limited partnership (MLP) with an initial capitalization of greater than $500 million.

"We have always pursued creating franchise value and getting that value realized for the shareholders. In today's marketplace, we believe an opportunity exists with the MLP structure to further enhance the captured value of a portion of XTO's exceptional property base," said Bob R. Simpson, Chairman and Chief Executive Officer. "Over the past three decades, our management team has designed four royalty trusts which have prospered for the owners. From our perspective, the success of these yield vehicles is defined by their quality producing property base, offering free cash flow and upside inventory, and the operational proficiency of management to execute long term. Through the formation of a new MLP with XTO leadership, we foresee the potential to unleash value as we continue to build for the future. "

XTO Energy Inc. is a domestic natural gas producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States. Its properties are concentrated in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska, Utah, Louisiana and Mississippi.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
 
Project Engineer
Expertise: Electrical Engineering|Instrument & Controls Engineer|Project Management
Location: Deer Park, TX
 
Land GIS Spatial Analyst - Mineral Land
Expertise: Contracts Engineer|Geologist|Lease Analyst
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours