"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.
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