XTO Energy Company News

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Exxon Plans for $15 per Barrel Permian Costs
Thursday, March 14, 2019 Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields.

XTO Energy Closes Headquarters; Relocates Hundreds to Houston
Tuesday, May 15, 2018 More than 1,000 XTO Energy employees will relocate to Houston after the company closes the doors to its Fort Worth headquarters this summer.

One Killed, 3 Hurt in North Dakota Well Explosion -AP
Monday, June 20, 2016 An oil worker was killed and two others were injured at an explosion at a well owned by an Exxon subsidiary in North Dakota, the Associated Press reports.

Exxon Said to Be on the Hunt for West Texas Shale Bargains
Friday, September 18, 2015 Exxon Mobil adjusts the way it structures shale acquisitions as the global energy giant expands in West Texas.

ExxonMobil Selling Cook Inlet Assets, Remains Committed to Alaska
Tuesday, July 07, 2015 ExxonMobil's subsidiary XTO Energy sells Cook Inlet production assets to Hilcorp for undisclosed price.

US, XTO Reach Settlement for Pennsylvania Facility
Thursday, July 18, 2013 The US EPA and the DOJ announced a settlement with XTO Energy to resolve an alleged violation of CWA related to the discharge of wastewater from XTO's Penn Township, Lycoming, Pa. facility.

BNK Finalizes Woodford Assets Sale
Monday, April 22, 2013 BNK announces that its previously announced sale of $147.5 million to XTO Energy has been closed.

BNK Inks PSA with XTO for Oklahoma Assets
Monday, March 18, 2013 BNK enters into a Purchase and Sale Agreement with XTO for the sale of BNK's Tishomingo Field, Oklahoma assets other than the Caney and upper Sycamore formations.

Denbury Closes First Phase of Bakken Sale
Monday, December 03, 2012 Denbury Resources has closed the first phase of its previously announced Bakken sale and asset exchange with Exxon Mobil Corporation and its wholly-owned subsidiary XTO Energy.

Shale Gas: An American Success Story
Thursday, September 20, 2012 Shale gas development is a US success story that supports more than one million American jobs and generates billions of dollars in government revenues, President of XTO Energy Jack Williams said.

Earthstone Updates Bakken Activity
Thursday, December 16, 2010 Earthstone Energy, Inc., formerly Basic Earth Science Systems, Inc. reported the status of three new Bakken wells that were in the planning stage in September when the wells were disclosed at its Annual Shareholder Meeting.

XTO Purchases $2.048B Principal Amount of Debt Securities
Tuesday, July 27, 2010 XTO announced that the previously announced cash tender offers for any and all of its outstanding debt securities in the series specified expired.

XTO Commences Cash Tender Offers for Senior Notes
Monday, July 12, 2010 XTO announced the commencement of cash tender offers for any and all of its outstanding 7½% Senior Notes Due 2012 and 6¼% Senior Notes Due 2013.

ExxonMobil Completes All-Stock Transaction for XTO
Friday, June 25, 2010 ExxonMobil creates a new organization to focus on global development and production of unconventional resources.

XTO Briefs 1Q Financial, Operational Results
Wednesday, May 05, 2010 XTO Energy reported first quarter 2010 production of 2.90 billion cubic feet equivalent (Bcfe) per day, up 6% from the first quarter 2009 level of 2.73 Bcfe per day, and up 1% sequentially from 2.88 Bcfe per day in fourth quarter 2009.

U.S. Pitches Shale Gas Studies Overseas
Wednesday, April 07, 2010 The Obama administration has asked nearly a dozen countries, including China and India, if the U.S. can assess their potential shale gas resources.

ExxonMobil Clears Regulatory Hurdle for XTO Merger
Wednesday, March 17, 2010 ExxonMobil said Tuesday that U.S. antitrust regulators have cleared the company's pending merger with U.S. natural-gas producer XTO Energy Inc.

XTO Energy's Reserves Jump to Record 14.83 Tcfe
Wednesday, February 17, 2010 XTO Energy's natural gas reserves increased 6% to 12.50 Tcf, and natural gas combined with natural gas liquids of 93 million barrels equaled 88% of total reserves.

XTO Energy Breaks Bank at $2.34B for Fourth Quarter
Wednesday, February 17, 2010 Total revenues for the fourth quarter were a record $2.34 billion, a 19% increase from $1.96 billion the prior year.

Riches from Nat. Gas Fuel Acquisition of Texas Rangers
Wednesday, January 27, 2010 The Rangers Baseball Express, racing full speed ahead for home plate, is being fueled by natural gas.

Criticism Muted at Exxon-XTO Hearing
Wednesday, January 20, 2010 U.S. lawmakers on Wednesday opened a hearing into ExxonMobil's planned purchase of XTO with upbeat comments about natural gas and limited criticism of the controversial drilling technique.

House Panel to Hold Exxon-XTO Merger Hearing Wed
Tuesday, January 19, 2010 A U.S. House panel will hold a hearing on Wednesday on ExxonMobil's planned purchase of natural-gas producer XTO Energy, an event that could put a spotlight on a controversial drilling technique that is allowing access to vast new domestic supplies.

US Energy Chief Doesn't Favor Ban on 'Fracking' for Gas
Monday, January 18, 2010 U.S. Energy Secretary Steven Chu said he would not favor a ban on "fracking," a now-common drilling method used to produce gas from shale.

Devon's Onshore Energy Plan Validated By Exxon's Deal
Tuesday, December 22, 2009 Devon's plan to rid itself of international and offshore oil and gas assets and to focus on what is known as unconventional gas in North America received a surprise endorsement last week from the world's largest publicly traded oil company.

Sierra Club's Pro-Gas Dilemma
Monday, December 21, 2009 It would have been a typical story of environmentalists battling industry, except for one thing: The national Sierra Club is one of natural gas's biggest boosters.

Big Oilfield Service Cos May Benefit from Exxon's XTO Buyout
Friday, December 18, 2009 ExxonMobil's move to buy one of the leading U.S. natural gas producers could provide a boost to big oilfield service companies that have been hit hard by a downturn in the North American drilling market.

Exxon-XTO Deal to Terminate If Congress Passes 'Anti-Fracking' Law
Wednesday, December 16, 2009 ExxonMobil's $31 billion deal to acquire gas-producer XTO includes language that would terminate the deal if Congress passes laws making hydraulic fracturing illegal or "commercially impracticable."

Small Energy Firms Yielding to International Giants
Tuesday, December 15, 2009 ExxonMobil's acquisition of XTO is the latest sign of a changing of the guard in the U.S. oil patch, as the small companies that led an exploration boom in the past decade start to give way to the international giants.

ExxonMobil to Snap Up XTO Energy in $41B Deal
Monday, December 14, 2009 Looking back, Rigzone recalls 15 key news stories that have shaped the upstream oil and gas industry.

XTO Energy Declares Quarterly Dividend
Wednesday, November 18, 2009 XTO Energy has declared a quarterly cash dividend of 12.5 cents per share on the Company's outstanding Common Stock payable January 15, 2010 to stockholders of record at the close of business on December 31, 2009.

NY Regulators Propose New Shale-Gas Drilling Rules
Thursday, October 01, 2009 New York environmental regulators have proposed new safety rules for natural-gas drilling in the Marcellus Shale, amid concerns over the water supply safety.

Hedges Pay Off for Natural-Gas Producers
Wednesday, August 12, 2009 Producers are relying more than ever on the futures markets to hedge the risk that prices will fall, even as regulators take aim at energy traders in an effort to blunt the sort of spikes that hit consumers last year.

Basic Earth, XTO Turn on Taps at Horizontal Bakken Well
Thursday, July 23, 2009 Basic Earth reported, along with its partner XTO Energy Inc., that its new horizontal Bakken well in Richland County, Montana, the Halvorsen-State 31X-36, is now producing.

XTO Energy Increases Oil Price Hedges for 2010
Tuesday, June 30, 2009 XTO Energy has updated its price hedges for future sales of oil production in 2010.

Lower Costs Give Oil Drillers Breathing Room
Wednesday, May 20, 2009 A long-awaited drop in the cost of drilling and maintaining wells has finally materialized, easing the pressure on oil and natural-gas producers.

Galloway Underscores Planned West Texas Gas Production Acquisition
Tuesday, April 21, 2009 Galloway has provided a follow-up to the recent announcement regarding the pending acquisition of natural gas productions rights located in West Texas.

Basic Earth Reports on New Horizontal Bakken Well
Thursday, April 02, 2009 XTO Energy and Basic Earth have drilled a new horizontal well, the Halvorsen-State 31X-36, in the Bakken Shale area of Montana.

US Upstream O&G Transactions Dive to Five-Year Low
Tuesday, March 17, 2009 U.S. mergers and acquisitions upstream transaction value declined to $38.1 billion from $48.7 billion in 2007, according to the 2009 Global Upstream M&A Review prepared by IHS Herold Inc.

XTO Energy Bumps Up O&G Reserves by 23%
Thursday, February 19, 2009 XTO's proved oil and gas reserves were estimated at December 31, 2008 to be a record 13.86 trillion cubic feet of gas equivalent, up 23% from 2007.

XTO Grows Production, Operating Cash Flow in 2008
Thursday, February 19, 2009 XTO Energy has reported record production and cash flow for 2008. Production in the fourth quarter was up 29% from the fourth quarter 2007 level.

XTO Increases Quarterly Cash Dividend
Wednesday, February 18, 2009 XTO Energy has increased its quarterly cash dividend to 12.5 cents per share, up from 12 cents per share.

XTO Reduces 2009 Development Budget to $2.75B
Tuesday, February 03, 2009 XTO has approved a revised 2009 capital budget for development and exploration expenditures of $2.75 billion.

XTO Monetizes and Resets 37% of 2009 Hedge Position
Wednesday, January 14, 2009 XTO has entered into early settlement and reset arrangements with respect to 37% of its 2009 commodity hedge volumes.

US Drilling Activity Off Sharply
Monday, December 15, 2008 As oil and gas prices fall, drilling activity in the U.S. is slowing more than expected.

XTO Energy Appoints Hutton CEO
Thursday, November 20, 2008 XTO Energy announced the promotion of Keith A. Hutton to CEO of the Company from his position as President. Vaughn O. Vennerberg II, Senior Executive Vice President and Chief of Staff, has been promoted to President.

XTO Plans $3.3B Budget to Increase Production by 18% in 2009
Thursday, November 20, 2008 XTO has approved a 2009 capital budget for development and exploration expenditures of $3.3 billion. With these expenditures, the Company plans to increase 2009 production volumes by 18% over 2008 levels.

XTO Energy Reports Production Rates at Three Forks/Sanish Well
Wednesday, November 05, 2008 In the Bakken Shale play of North Dakota, the Company has now completed 5 wells with average production rates of 673 barrels of oil equivalent per day, primarily producing from the Middle Bakken shale section.

XTO Grows Production, Revenues and Cash Flow in Third Quarter
Wednesday, November 05, 2008 XTO Energy has reported that third quarter 2008 production was up 24% from the third quarter 2007 level, and total revenues were a record $2.13 billion, a 50% increase from last year.

XTO Increases Commodity Price Hedges
Friday, October 24, 2008 XTO Energy has updated its price hedges for future sales of natural gas and oil production for 2009 and 2010.

Vortex to Acquire Barnett Shale Properties
Thursday, September 04, 2008 Vortex Resources signed a Memorandum of Understanding to enter into a definitive asset purchase agreement with Blackhawk for Barnett Shale leases in Texas.