Today, Exxon Mobile Corporation (XOM) has come out announced an agreement to acquire XTO Energy Inc (XTO) in an all stock deal for $41 billion.
From the Exxon Mobil Press Release:
Exxon Mobil Corporation (NYSE: XOM) and XTO Energy Inc. announced today an all-stock transaction valued at $41 billion. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil’s position in the development of unconventional natural gas and oil resources.
Under the terms of the agreement, approved by the boards of directors of both companies, ExxonMobil has agreed to issue 0.7098 common shares for each common share of XTO. This represents a 25 percent premium to XTO stockholders. The transaction value includes $10 billion of existing XTO debt and is based on the closing share prices of ExxonMobil and XTO on December 11, 2009. Full Article
XTO Energy Inc Operates in the following shale plays in the USA
Haynesville shale
Marcellus shale
Bakken shale
Fayetteville shale
Woodford shale
Who's the next takeout candidate?
Chesapeake Energy Corporation (CHK)
Devon Energy Corporation (DVN)
EOG Resources, Inc. (EOG)
Continental Resources Inc. (CLR)
Brigham Exploration Co. (BEXP)
Southwestern Energy Co. (SWN)
Forest Oil Corp. (FST)
Petrohawk Energy Corporation (HK)
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Showing posts with label xto. Show all posts
Showing posts with label xto. Show all posts
Monday, December 14, 2009
Thursday, February 19, 2009
Haynesville Shale: XTO Energy 2009 Panola County
XTO Energy has come out with earnings today, 2/19/09, and updated investors on its haynesville shale operations. XTO talks about its East Texas properties below.
From Seeking Alpa
We drilled first Haynesville shale well in western Panola County, the New Horizon's number one that came in at 8.5 million a day, that is not an IP, that well averaged over 8 million a day for the first 15 days. It's currently offline because of the DCP Cartage flat (ph) issue, should be back up next week.
We believe that well from the way we're choking and holding our performance would have made over 8 million a day for the first month. If you look at the Haynesville wells you are seeing some that have 15 million a day, first month, you are seeing a lot that are 45 million a day first month sales. So, I would say this well as far west as it is, averaging 8 million a day is a good precursor for where our acreage is going to be plenty good on the Texas side
And last but not least, we have had an extension area of south of Bald Prairie and Robertson County that we have been working on for two or three years, have increased our position here to almost 80,000 net acres and have started in earnest to drill development wells down there and had two wells coming at 6 million a day in the quarter from the land and Bossier and that gives us lot of hope and belief that area will pan out to be a major growth area, of course in future.
http://blackberrystocks.blogspot.com
From Seeking Alpa
We drilled first Haynesville shale well in western Panola County, the New Horizon's number one that came in at 8.5 million a day, that is not an IP, that well averaged over 8 million a day for the first 15 days. It's currently offline because of the DCP Cartage flat (ph) issue, should be back up next week.
We believe that well from the way we're choking and holding our performance would have made over 8 million a day for the first month. If you look at the Haynesville wells you are seeing some that have 15 million a day, first month, you are seeing a lot that are 45 million a day first month sales. So, I would say this well as far west as it is, averaging 8 million a day is a good precursor for where our acreage is going to be plenty good on the Texas side
And last but not least, we have had an extension area of south of Bald Prairie and Robertson County that we have been working on for two or three years, have increased our position here to almost 80,000 net acres and have started in earnest to drill development wells down there and had two wells coming at 6 million a day in the quarter from the land and Bossier and that gives us lot of hope and belief that area will pan out to be a major growth area, of course in future.
http://blackberrystocks.blogspot.com
Wednesday, November 5, 2008
Bakken Shale: XTO Energy Oil Three Forks 11/05/08
One of XTO's Bakken Shale wells of producing 1750 barrels of Oil per day in the Three Forks / Sanish area. This is an amazing discovery!
XTO Energy Inc. (NYSE: XTO) announced today production results from wells drilled in multiple regions on its newly acquired property base. In the Bakken Shale play of North Dakota, the Company has now completed 5 wells with average production rates of 673 barrels of oil equivalent per day, primarily producing from the Middle Bakken shale section. In addition, a Three Forks/Sanish discovery well, the DeAngelis 41x-21, has been completed at an initial production rate of 1,750 barrels of oil equivalent, at a flowing tubing pressure of 2,200 pounds.
XTO currently operates four drilling rigs in this prolific oil basin and owns a leasehold position with over 450,000 acres.
In the Fayetteville Shale, where XTO has expanded its leasehold to 380,000 acres, the Company has recently drilled and completed 5 wells, with 4,000 feet lateral sections, at an average daily rate of 2.5 MMcf. In the Woodford Shale region, on newly acquired acreage, the Churchill 1-26 well is completed and producing 4.3 MMcf per day.
In the Farrar/Bear Grass Field of the Freestone Trend, the Beddingfield 6H, a horizontal Cotton Valley lime well, was recently completed at 8 MMcf per day. This well offsets producing leases, totaling about 5,500 acres, acquired in the Hunt Petroleum transaction where drilling activity will commence in early 2009. Also, XTO has spudded its first two horizontal Haynesville Shale wells on acquired leasehold in its Eastern Region. Finally, in its offshore producing region of the Gulf Coast, XTO has completed and tested the Main Pass 125-2 well, one of several identified development prospects, at an initial daily rate of 17 MMcf and 500 barrels of oil.
http://phx.corporate-ir.net/phoenix.zhtml?c=97780&p=irol-newsArticle&ID=1222303&highlight=
XTO Energy Inc. (NYSE: XTO) announced today production results from wells drilled in multiple regions on its newly acquired property base. In the Bakken Shale play of North Dakota, the Company has now completed 5 wells with average production rates of 673 barrels of oil equivalent per day, primarily producing from the Middle Bakken shale section. In addition, a Three Forks/Sanish discovery well, the DeAngelis 41x-21, has been completed at an initial production rate of 1,750 barrels of oil equivalent, at a flowing tubing pressure of 2,200 pounds.
XTO currently operates four drilling rigs in this prolific oil basin and owns a leasehold position with over 450,000 acres.
In the Fayetteville Shale, where XTO has expanded its leasehold to 380,000 acres, the Company has recently drilled and completed 5 wells, with 4,000 feet lateral sections, at an average daily rate of 2.5 MMcf. In the Woodford Shale region, on newly acquired acreage, the Churchill 1-26 well is completed and producing 4.3 MMcf per day.
In the Farrar/Bear Grass Field of the Freestone Trend, the Beddingfield 6H, a horizontal Cotton Valley lime well, was recently completed at 8 MMcf per day. This well offsets producing leases, totaling about 5,500 acres, acquired in the Hunt Petroleum transaction where drilling activity will commence in early 2009. Also, XTO has spudded its first two horizontal Haynesville Shale wells on acquired leasehold in its Eastern Region. Finally, in its offshore producing region of the Gulf Coast, XTO has completed and tested the Main Pass 125-2 well, one of several identified development prospects, at an initial daily rate of 17 MMcf and 500 barrels of oil.
http://phx.corporate-ir.net/phoenix.zhtml?c=97780&p=irol-newsArticle&ID=1222303&highlight=
Thursday, October 16, 2008
XTO Energy CFO Sells Stock
Independent oil and gas producer XTO Energy Inc.'s executive vice president and chief financial officer Louis Baldwin has sold 535,700 shares of the company’s common stock.
It hasn't been certain whether this was involuntary like last weeks dumping by Chesapeake Energy's CEO.
XTO Energy is very active in the Marcellus Shale, Bakken Shale, and Haynesville Shale
http://finance.yahoo.com/q/it?s=XTO
It hasn't been certain whether this was involuntary like last weeks dumping by Chesapeake Energy's CEO.
XTO Energy is very active in the Marcellus Shale, Bakken Shale, and Haynesville Shale
http://finance.yahoo.com/q/it?s=XTO
Wednesday, September 17, 2008
Haynesville Shale Expo - Novermber 21st - 11/21 - Shreveport Convention Center
There will be a Haynesville Shale Expo located at the Shreveport Convention Center on 11/21/08. This Expo will educate the public on the impact of the natural gas industry and how it benefits people living in the Haynesville Shale area.
The free Expo is being presented by Chesapeake Energy, Devon Energy, EnCana Energy, Petrohawk Energy and XTO Energy and the Times. The chambers of commerce within the shale area will be hosts for the event, which is expected to attract thousands from northwest Louisiana and East Texas.
Full Article Here
The free Expo is being presented by Chesapeake Energy, Devon Energy, EnCana Energy, Petrohawk Energy and XTO Energy and the Times. The chambers of commerce within the shale area will be hosts for the event, which is expected to attract thousands from northwest Louisiana and East Texas.
Full Article Here
Thursday, August 7, 2008
Oil prices going Higher - Natural Gas prices 8/07/08
Oil is up almost $3 this morning to $121.35.....as I expected, the flush under $120 was short lived. People have been preaching under $100 oil for the last few days...and this is the second significant bounce we've gotten since Oil has gone under $130 in the past few weeks.
To me Oil seems like it is putting in a bottom here. People are kidding themselves thinking oil will go to $85. Yes, at $148 we have seen demand destruction but there is still a lot of demand and that is only going to get worse in the coming years.
People that are having a hard time with Oil prices going up should be putting money into the United States Oil Fund ( USO ) so at least when you are getting killed at the pump you are making money back as a hedge. This stock can be bought be anyone!
I personally think we will see $150-$160 oil in the next 6 months as winter approaches.
Natural Gas has gotten killed over the past month....from $14 down below $9...and that to is really to bounce back. Today it is around $9. I have bought stocks like Chesapeake Energy ( CHK ) and XTO Energy ( XTO ) They are huge operators in the shale plays around the United States. The Haynesville Shale has been huge and will continue to get even bigger. If Natural gas prices stay around $9-$10 this quarter, Chesapeake will make about $2 billion dollars this quarter on hedging activity since they lost 2 billion last quarter when Nat Gas was higher. This alone would give CHK stock a pop. Remember this when they report earnings in three months!
To me Oil seems like it is putting in a bottom here. People are kidding themselves thinking oil will go to $85. Yes, at $148 we have seen demand destruction but there is still a lot of demand and that is only going to get worse in the coming years.
People that are having a hard time with Oil prices going up should be putting money into the United States Oil Fund ( USO ) so at least when you are getting killed at the pump you are making money back as a hedge. This stock can be bought be anyone!
I personally think we will see $150-$160 oil in the next 6 months as winter approaches.
Natural Gas has gotten killed over the past month....from $14 down below $9...and that to is really to bounce back. Today it is around $9. I have bought stocks like Chesapeake Energy ( CHK ) and XTO Energy ( XTO ) They are huge operators in the shale plays around the United States. The Haynesville Shale has been huge and will continue to get even bigger. If Natural gas prices stay around $9-$10 this quarter, Chesapeake will make about $2 billion dollars this quarter on hedging activity since they lost 2 billion last quarter when Nat Gas was higher. This alone would give CHK stock a pop. Remember this when they report earnings in three months!
Wednesday, August 6, 2008
Barnett Shale - Chesapeake ( CHK ) record mineral rights lease
Chesapeake Energy CHK is working on a 650 acre lease on Lake Worth and Fort Worth properties located in the Barnett Shale. If this mineral rights lease deal gets done, it will be a record! Rumor has is Chesapeake is ready to pay out a $30,000 per acre signing bouns as well.
About 1,200 property owners in Boat Club Estates, Highland Lake Estates, Jinkens Heights, Crestview, Crestridge, Triangle Estates and Lakeview Estates are involved in the lease. The land is roughly bounded by Lake Worth to the west, Azle Avenue to the south, Boat Club Road to the east and Basswood Court to the north.
XTO appears to have been one of the bidders pushing this deal to a record.
Full Article Here
About 1,200 property owners in Boat Club Estates, Highland Lake Estates, Jinkens Heights, Crestview, Crestridge, Triangle Estates and Lakeview Estates are involved in the lease. The land is roughly bounded by Lake Worth to the west, Azle Avenue to the south, Boat Club Road to the east and Basswood Court to the north.
XTO appears to have been one of the bidders pushing this deal to a record.
Full Article Here
Friday, August 1, 2008
Chseapeake CHK vs XTO Energy Haynesville Shale
Who would have thought their would be drama in shale plays? A few weeks ago, the XTO Energy CEO on the Conference Call said people who are saying that the Haynesville Shale holds 250 trillion cubic feet of natural gas are hyping this shale play.
Today the Chesapeake CEO gave research data to back this figure up and they stick to what they think is over 240 trillion cubic feet of natural gas in the Haynesville Shale. The CEO says he is not hyping this shale play, rather is going by research.
Chesapeake says the core area in the Haynesville Shale could eventually see up to 50,000 per acre.
Chesapeake Energy says they are producing 45 million cubic feet per day of natural gas from 11 wells.....
Today the Chesapeake CEO gave research data to back this figure up and they stick to what they think is over 240 trillion cubic feet of natural gas in the Haynesville Shale. The CEO says he is not hyping this shale play, rather is going by research.
Chesapeake says the core area in the Haynesville Shale could eventually see up to 50,000 per acre.
Chesapeake Energy says they are producing 45 million cubic feet per day of natural gas from 11 wells.....
Friday, July 25, 2008
XTO Energy XTO - John Najarian CNBC - Shale
John Najarian has come on CNBC this morning and states that yesterday XTO has seen very active call buying and institutional buying the last couple days.
He stated the last time XTO Energy was this low....crude oil was in the $70's.
He said if you want to play crude in a stock...this is the way to do it...usually it moves 2-1 higher or lower.
He also stated that XTO has been active in the Shale Plays which we already know!
XTO is active in the Following Shale Plays
Bakken Shale
Haynesville Shale
Marcellus Shale
Barnett Shale
He stated the last time XTO Energy was this low....crude oil was in the $70's.
He said if you want to play crude in a stock...this is the way to do it...usually it moves 2-1 higher or lower.
He also stated that XTO has been active in the Shale Plays which we already know!
XTO is active in the Following Shale Plays
Bakken Shale
Haynesville Shale
Marcellus Shale
Barnett Shale
Tuesday, July 22, 2008
XTO Energy XTO - Barnett Shale - Earnings
XTO has come out with great company earnings this morning. 2nd quarter earnings per share was $1.11 with revenue coming in at $1.94 billion
XTO Energy expanded their position in the Barnett Shale acquiring another 12,900 acres for 800 million. XTO now has a total acreage position in the Barnett Shale of 280,000 of which 155,000 of those acres are in the heart of the shale play.
XTO energy also expanded in the Marcellus Shale, Haynesville Shale, Fayetteville Shale, but more will be coming later in their conference call.
XTO Energy expanded their position in the Barnett Shale acquiring another 12,900 acres for 800 million. XTO now has a total acreage position in the Barnett Shale of 280,000 of which 155,000 of those acres are in the heart of the shale play.
XTO energy also expanded in the Marcellus Shale, Haynesville Shale, Fayetteville Shale, but more will be coming later in their conference call.
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