| | Business Summary | | XTO
Energy
Inc.,
formerly
known
as
Cross
Timbers
Oil
Company,
and
its
subsidiaries
are
engaged
in
the
acquisition,
development,
exploitation
and
exploration
of
producing
oil
and
gas
properties,
and
in
the
production,
processing,
marketing
and
transportation
of
oil
and
natural
gas.
The
Company
has
grown
primarily
through
acquisitions
of
proved
oil
and
gas
reserves,
followed
by
development
and
exploitation
activities
and
strategic
acquisitions
of
additional
interests
in
or
near
such
acquired
properties.
The
Company's
proved
reserves
are
principally
located
in
relatively
long-lived
fields
concentrated
in
the
East
Texas
Basin,
the
Arkoma
Basin
of
Arkansas
and
Oklahoma,
the
San
Juan
Basin
of
northwestern
New
Mexico,
the
Hugoton
Field
of
Oklahoma
and
Kansas,
the
Anadarko
Basin
of
Oklahoma,
the
Green
River
Basin
of
Wyoming,
the
Permian
Basin
of
West
Texas
and
New
Mexico,
the
Middle
Ground
Shoal
Field
of
Alaska's
Cook
Inlet
and
the
Colquitt
and
Oaks
Fields
of
Louisiana. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | XTO
Energy
Inc.
is
engaged
in
the
acquisition,
development,
exploitation,
and
exploration
of
oil
and
gas
producing
properties
and
in
the
production,
processing
and
transportation
of
oil
and
natural
gas.
For
the
six
months
ended
6/30/01,
revenues
rose
95%
to
$458.2
million.
Net
income
applicable
to
Common
and
before
acct.
change
rose
from
$34.1
million
to
$181.9
million.
Results
reflect
improved
gas
and
oil
production,
higher
oil,
gas
and
natural
gas
liquid
prices
and
higher
operating
margins. | | More
from
Market Guide: Significant
Developments |
| | | Bob
R. Simpson,
Chmn./CEO
Steffen
E. Palko,
Vice
Chmn./Pres.
Louis
G. Baldwin,
Exec. VP/CFO
Bennie
G. Kniffen,
Sr. VP/Contr. | More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/x/xto.gif)