XTO Energy

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Fort Worth, Texas-based XTO Energy (XTO) paid $600 million for the right to drill on 142,000 Marcellus Shale acres formerly owned by Linn Energy. At the time it was the highest amount paid for Marcellus shale drilling rights, and the deal closed on July 1, 2008.

In September, 2008, XTO was reported to have leased land for drilling in eastern Broome and western Delaware counties of New York.

In November, 2008 there was a report that the company had leased land at the Indiana County Airport from the Indiana, Pennsylvania County Commissioners, and it had plans to driil three wells there.

A report in December, 2008 indicated that XTO had leased land near the Village of Deposit, located approximately 30 miles east of Binghamton, New York, along the West Branch of the Delaware River, on the border of Broome and Delaware Counties in southern New York. It consists of 46,000 acres leased for $110 million. This area has easy access to the nearby Millennium Pipeline.

• Bob R. Simpson is Chairman and CEO of XTO Energy.