XTO Energy doesn't have to cross its fingers and hope its fields produce oil and gas. It buys mostly long-lived producing properties, and has begun more exploration of unproved reserves. The large independent's holdings are mainly in Alaska, Arkansas, Colorado, Kansas, Louisiana, New Mexico, Oklahoma, Texas, Utah, and Wyoming. XTO Energy owns interests in more than 25,160 wells and operates gas gathering systems in Arkansas, Kansas, Oklahoma, and Texas. The company has proved reserves of 9.4 trillion cu. ft. of natural gas, 241 million barrels of oil, and 67 million barrels of natural gas liquids.
Sector: Basic Materials
Industry: Energy