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Essay text:
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 encourages innovation. Employees are encouraged to ask for forgiveness and not permission...
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