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In August 2010, Simpson and another Texas oil magnate, Ray Davis, served as co-lead investors in the $593 million winning bid to take the Texas Rangers baseball team out of bankruptcy. [4] Simpson and Davis became co-chairmen of the Rangers, but initially remained in the background, leaving the Rangers in the hands of managing partner and CEO ...
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]
In this May 2003 photo, Bob Simpson, chairman of the board and chief executive officer of XTO Energy in Fort Worth, stands in front of the Baker Building after the company purchased the property.
Location of Texas. Texas is a state in the South Central region of the United States. The region's second-quarter 2018 gross state product was 8.6% of the GDP of the country at $1.755 trillion, with significant growth in mining, quarrying, and oil and gas extraction. [1]
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