XTO Energy and Devon Energy
Milestone #3
Tom Bolger
David Huckabay
Anthony Johnson
Andy Leach


XTO ENERGY INC.
Company Background
XTO Energy Inc. is a premier domestic natural gas and oil producer engaged in the acquisition, exploitation and development of quality, long-lived gas and oil properties. The Company, whose predecessor companies were established in 1986, completed its initial public offering in May 1993. Its properties and activities are concentrated in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska and Louisiana.
Competitive Environment
XTO operates in the lower-cap oil and gas business. They compete directly with larger independent companies like Devon Energy, Anadarko, and Apache. XTO's main focus is acquiring established, long-lived properties, which are low in risk, and apply the best technology possible to maximize production.
Structure
Based on interviews with management, we found that XTO's management style......

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Title: Xto And Devon Energy Comparison
Approximate Word Count: 5063
Approximate Pages: 21 (250 words per double-spaced page)

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