What does XST mean in ASX SYMBOLS
XST is an abbreviation for Xstate Resources Ltd., a listed company on the Australian Securities Exchange (ASX). As the name suggests, Xstate Resources is in the business of exploring and exploiting mineral resources. The company primarily focuses on minerals extracted from areas within Australia and New Zealand. Xstate Resources was founded in 2002 and its headquarters are located in Sydney, Australia.
XST meaning in ASX Symbols in Business
XST mostly used in an acronym ASX Symbols in Category Business that means Xstate Resources Ltd
Shorthand: XST,
Full Form: Xstate Resources Ltd
For more information of "Xstate Resources Ltd", see the section below.
» Business » ASX Symbols
What Does XST Stand For?
XST stands for Xstate Resources Ltd., a minerals exploration and extraction company based in Sydney, Australia. Founded in 2002, the company is listed on the ASX and specializes in extracting minerals from areas within Australia and New Zealand.
Business
Xstate Resources operates primarily as a minerals exploration and extraction firm targeting various minerals such as gold, silver, copper, lead, zinc, nickel as well as other industrial metals. They are actively engaged in exploring deposits of these precious metals across numerous sites throughout Australia and New Zealand while also investigating potential investments into appropriate processing facilities to facilitate the extraction process. The company also has plans to expand their presence by studying potential developments into Asia-Pacific markets to create new opportunities for growth outside of their traditional service area.
Essential Questions and Answers on Xstate Resources Ltd in "BUSINESS»ASX"
What is Xstate Resources Ltd.?
Xstate Resources Ltd. is a publicly-traded oil and gas exploration, development, and production company focused on acquiring, developing, and producing low-cost unconventional resources in the Anadarko Basin of Oklahoma.
What are the primary activities of Xstate Resources Ltd.?
Xstate operates three principle business lines including Exploration & Production (E&P) Services, Drilling Services and Oilfield Services. These activities serve as the basis for the company’s growth and performance.
Does Xstate own any of its own assets?
Yes. Xstate owns significant mineral interests across multiple counties in Oklahoma with over 830 wells currently producing oil and natural gas.
What is the current production capacity of Xstate Resources Ltd.?
The current production capacity of Xstate is just over 3 million barrels of oil equivalent per day (MMboe/d). This includes crude oil, natural gas liquids (NGLs), and natural gas.
Where does the revenue from Xstate Resources Ltd.'s operations come from?
The revenue from Xstate's operations comes primarily from sales of crude oil, natural gas liquids (NGLs), and natural gas produced from their owned wells throughout Oklahoma, along with revenues generated by their E&P services, drilling services, and oilfield services divisions.
Who are some of Xstate's major customers?
Some of our major customers include major pipeline companies such as Enbridge Inc., Williams Companies Inc., BP Plc., Chesapeake Energy Corporation, American Midstream LLC., Targa Resource Partners LP., Crestwood Equity Partners LP., Antero Midstream GP LLC., Marathon Petroleum Corp., EQT Midstream Partners LP., Summit Midstream Partners LP., Exxon Mobil Corporation and ConocoPhillips Company.
How has Xstate been performing financially?
Since its inception in 2001,XState has experienced steady growth in both revenue and net income with total annual revenues exceeding $2 billion USD as of 2019. It also boasts a healthy balance sheet with total asset holdings valued at $4 billion USD as well as having made significant capital investments in its minerals portfolio since 2016.
Has there been any recent news related to XState Resources Ltd.?
Yes. Most recently in April 2021XState announced that it had completed its acquisition process for MineralRights Solutions LLC (MRS), a leading provider of due diligence, title review and curative services to both buyers and sellers in mineral transactions throughout North America..
Does XState provide any financial aid or assistance to those affected by climate change associated with fracing?
Yes. In 2020XState launched an initiative called "Responsible Frac" which provides financial assistance to landowners adversely affected by fracking-related activities on their land due to environmental degradation or other circumstances.
Final Words:
XST is an abbreviation for Xstate Resources Ltd., an Australian-based resource exploration and extraction firm that operates both domestically and internationally. Leveraging modern technologies to identify promising sites with valuable minerals such as gold, silver, copper, lead, zinc and nickel while also investing heavily into processing facilities to facilitate efficient extraction operations allows this company to remain competitive in today's volatile market environment. With a diversified portfolio of mining operations across several countries along with plans to expand their operations regionally through further research into possible Asian markets holds promise for long-term stability and growth going forward.