Exxon makes a land grab with $2.6-billion deal for Celtic

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See here for help on adding material to CoalSwarm. Its primary products are oil and natural gas from unconventional sources such as shale. It is based in Downtown Fort Worth, Texas. The company was founded in as Cross Timbers Oil Company. The deal was approved by XTO's shareholders on June 25, As a subsidiary of ExxonMobil, the company would be named XTO Energy Incorporated and focused exxon buyout 2009 global development and production of unconventional resources.

It was reported that the purchase of XTO could be nullified if Congress made hydraulic fracturing illegal, according to language in the contract. Ed MarkeyD-Mass. The largest gas field, according to XTO president Jack Williams, is in the North field offshore Qatar, exxon buyout 2009 "ExxonMobil is playing a key role developing that resource also. In Germany, XTO through ExxonMobil has licenses covering several million acres where the company is drilling and evaluating coalbed methane and shale gas resources.

ExxonMobil also is drilling and evaluating shale gas resources in southeastern Poland, and has expressed interest in large coal bed methane and shale gas resources in Ukraine "that have not seen much exploration or evaluation. From to July XTO drillers reported using The Environmental Integrity Project extensively researched diesel in fracking. The environmental research organization argues that diesel use in fracking is widely under reported.

The Environmental Integrity Project study "Fracking Beyond The Law, Despite Industry Denials Investigation Reveals Continued Use of Diesel Fuels in Hydraulic Fracturing," found exxon buyout 2009 hydraulic fracturing with diesel fuel can pose a risk to drinking water and human health because diesel contains benzenetoluene, xylene, and other chemicals that have been linked exxon buyout 2009 cancer and other health problems. The Environmental Integrity Project identified numerous fracking fluids with high amounts of diesel, including additives, friction reducers, emulsifiers, solvents sold by Halliburton.

Diana DeGette to regulate underground hydraulic fracturing fluids. State legislation on fracking chemical disclosure that allows exclusions for "proprietary trade secrets" [18] -- creating legal loopholes for keeping some chemicals unknown -- has been linked to model legislation put forth by ExxonMobil through ALEC. XTO is a member of the Marcellus Shale Committeewhich represents exxon buyout 2009 as a committee of citizens concerned about the negative consequences exxon buyout 2009 natural exxon buyout 2009 drilling across the northeastern U.

The Marcellus Shale Committee asserts that its goal is to promote "the responsible development of natural gas from the Marcellus Shale geological formation in Pennsylvania and the enhancement of the Commonwealth's economy that can be realized by this clean-burning energy source.

Fort Worth, Texas Phone Retrieved on December 8, The Keys to Unlocking its Full Potential: Retrieved from " https: Navigation menu Personal tools Log in. Views Read View source View history. This page was last edited on 11 Aprilat

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It is a subsidiary of Exxon Mobil Corporation. Since then, XTO Energy's resource portfolio has tripled through several acquisitions. The company owns interests in approximately 40, active oil and natural gas sites across North America.

In , Bob R. Simpson, one of the company's founders, became Chairman and Chief Executive Officer. As of [update] , the size of XTO Energy's resource portfolio had tripled since it was acquired by ExxonMobil in XTO operates 11 horizontal and four vertical rigs across 1. The grant resulted in 20 research projects.

The donation was the largest since the fund was established in From Wikipedia, the free encyclopedia. For the airport in Queensland, Australia, see Taroom Airport. Retrieved December 3, Retrieved 19 November Retrieved 2 September Retrieved 3 September The Globe and Mail.

Archived from the original on October 12, A few familiar faces. And lots of newcomers". Retrieved 17 November Securities and Exchange Commission. Retrieved 12 December The Wall Street Journal. The Dallas Morning News. Retrieved 12 November Archived from the original on April 2, Retrieved 27 January Archived from the original on June 21, Retrieved 15 November Archived from the original on April 15, Retrieved 5 September XTO not to blame for Azle earthquakes".

Baker 3 November Azle earthquakes aren't due to injection wells". Michael Boskin Larry R. Accusations of ExxonMobil human rights violations in Indonesia Allison v. Retrieved from " https: Pages using deprecated image syntax Articles containing potentially dated statements from All articles containing potentially dated statements.

Views Read Edit View history. This page was last edited on 22 March , at By using this site, you agree to the Terms of Use and Privacy Policy. Oil and gas industry. Simpson , Steve Palko, Jon Brumley. Fort Worth , Texas , United States. Sara Ortwein President [1].