Cross Timbers Oil Company - XTO- Profile

Cross Timbers Oil Company acquires, explores and develops oil and gas properties. The company gathers, process and gas and oil. The oil and gas properties are concentrated in Texas, Oklahoma, Arkansas, Kansas, New Mexico, Wyoming and Alaska. The company publicly held in 1999. The company acquired Spring Holding Company and Arkoma Basin gas properties in 1999. The company has incurred $225,000 as year 2000 expenses till the year ended 1999. The company disposed gas producing properties in 1999. Gas and natural gas liquids accounted for 71% of 1999 revenues; oil and condensate 26% and gas gathering, processing and marketing, 3%.