Just something that I left out of my previous post was that I talked to my first cousin in South Sabine this morning she lives around Florien and has about 500 acres. my advice to her was to wait 6 months to a year, don't contact them and let them contact you. I will not say what I think it will go to because I may have to play in the game. All I can say is the play is larger than they say.
This is one of the most Diverse companies in the business....it was said that there stock was going over 100 a Trade before the Oil Prices dropped out....There business statement follows:
XTO Energy, Inc. and its subsidiaries engage in the acquisition, development, exploitation, and exploration of producing oil and gas properties in the United States. It also engages in the production, processing, marketing, and transportation of oil and natural gas. The company's properties are concentrated in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska, Utah, Louisiana, Mississippi, Montana, North Dakota, Pennsylvania, and West Virginia. As of December 31, 2007, it had estimated proved reserves of 6.94 trillion cubic feet of natural gas, 67 million barrels of natural gas liquids, and 214 million barrels of oil; and owned interests in 13,403 net producing wells. XTO Energy markets its gas to brokers, local distribution companies, and end-users. The company, formerly known as Cross Timbers Oil Company, was founded in 1985. XTO Energy is headquartered in Fort Worth, Texas.
Hi James the only thing I can offer about XTO is that I've followed the market for years and XTO as well as Chesapeake have made investors pretty good returns--in other words XTO is a verifiable winner.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More