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XTO Energy was founded in 1986, and was initially called Cross Timbers Oil Company. [11] The company was started by Bob R. Simpson, Steve Palko and Jon Brumley with US$35 million raised by former Goldman Sachs co-chairman Robert Rubin. [7] Initially, the company purchased and developed long-lived oil and gas production properties. [12]
Pages in category "Oil shale companies of the United States" The following 13 pages are in this category, out of 13 total. This list may not reflect recent changes .
Its fellow oil giant Chevron (NYSE: CVX) followed that up with a bid to buy Hess (NYSE: HES) in a $53 billion all-stock deal a few weeks later. Several other oil companies also agreed to merge ...
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The Bakken is booming, but there's another oil play out West that is just beginning to come into its own: the Niobrara shale. Like the Bakken, this shale has attracted many 5 Stocks to Play the ...
U.S. shale producers Devon Energy, Diamondback Energy and Coterra Energy on Monday reported sharp increases in profit that beat Wall Street estimates, but held production plans steady as they ...
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The company was founded in 2002 by Paul M. Rady and Glen C. Warren, Jr. after they sold their previous venture, Pennaco Energy, to Marathon Oil. Beginning in February 2003, Warburg Pincus invested over $1.5 billion into the company and at one time held a controlling stake. [3] In 2005, the company sold its assets in the Barnett Shale to XTO ...