Williston Basin pure-play Chord Energy Corp. has agreed to acquire a package of assets from ExxonMobil subsidiary XTO Energy Inc. in a cash transaction valued at $375 million. The assets span about 62,000 net acres and include “123 estimated net 10,000 foot equivalent locations,” said management of Houston-based Chord. The XTO assets currently are producing…
Xto
Articles from Xto
ExxonMobil Testing Support for Permian Delaware Crude Pipeline
ExxonMobil Corp. has launched a binding open season for a major pipeline to connect Permian Basin oil and condensate from production areas in New Mexico to its terminal in West Texas near Wink.
Briefs — XTO Fine
Blue Ridge Mountain Resources Inc. stockholders have approved the company’s merger with Eclipse Resources Corp., clearing one of the last hurdles for the combination. The deal has already been approved by boths boards and Eclipse’s stockholders. Once the transaction is completed, which is expected in the last week of February, the new company is to be renamed Montage Resources Corp. and trade on the New York Stock Exchange under the symbol “MR.” The new company would have a 227,000 net acre position in Ohio, Pennsylvania and West Virginia, and produce about 560 MMcfe/d.
BLM Taking Comments for Proposed XTO Natural Gas Project in Uinta
The U.S. Bureau of Land Management (BLM) on Wednesday launched a 14-day public comment period for XTO Energy Inc.’s proposed Horsebench Natural Gas Development Project in part of the Uinta Basin, 36 miles north of Price, UT.
XTO Still Working to Cap Ohio Well Two Weeks After Blowout
An XTO Energy Inc. Utica Shale well in Belmont County, OH, is still leaking natural gas and brine water two weeks after it blew out when contractors were finishing completion operations.
XTO Reaches $11M Settlement with Pennsylvania Landowners
A federal court has preliminarily approved an $11 million class action settlement that would resolve claims that ExxonMobil Corp. subsidiary XTO Energy Inc. wrongly deducted post-production costs from the royalty payments of hundreds of Pennsylvania landowners.
XTO Wants DOJ Documents to Prove Pennsylvania Criminal Charges Unwarranted
ExxonMobil Corp.’s XTO Energy Inc. on Thursday sued the U.S. Department of Justice (DOJ) to force federal officials to release documents that could clear the producer of eight criminal environmental charges filed in 2013 in Pennsylvania.
XTO Still Faces Criminal Charges after Consent Decree Finalized
A consent decree was approved Wednesday for XTO Energy Inc. to pay a $100,000 fine for discharging 50,000 gallons of toxic wastewater illegally in 2010 at a Marcellus Shale well site in Pennsylvania.