Bob R. Simpson
Encyclopedia
Bob R. Simpson is the co-founder of XTO Energy
, and co-owner of the Texas Rangers
major league baseball (MLB) team.
.
In 2009 XTO Energy was ranked 325th on the Forbes Global 2000.
In December 2009, ExxonMobil announced proposal to acquire XTO Energy
for $41 billion. The merger was completed in June 2010.
baseball team out of bankruptcy.
In October 2010, the Texas Rangers
played in the World Series
, for the first time in franchise history.
In 2011 Simpson expressed a desire to keep his ownership role low key, with co-chairman, Dallas oil man Ray Davis, depending on minority owner and team president Nolan Ryan
to operate the team.
In October 2011, the team again reached the World Series
.
. He was awarded the Distinguished Alumni Award in 2010.
XTO Energy
XTO Energy is an American Fortune 500 energy producing company. Its primary products are oil and natural gas. It is based in Downtown Fort Worth, Texas. Its current CEO is Keith Hutton.-History:The company was founded in 1985 as Cross Timbers Oil Company...
, and co-owner of the Texas Rangers
Texas Rangers (baseball)
The Texas Rangers are a professional baseball team in the Dallas-Fort Worth Metroplex, based in Arlington, Texas. The Rangers are a member of the Western Division of Major League Baseball's American League, and are the reigning A.L. Western Division and A.L. Champions. Since , the Rangers have...
major league baseball (MLB) team.
Career
In 1985 Simpson founded Cross Timbers Oil Company, and served as Chairman of the Board since July 1, 1996. In 2001 the name was changed to XTO EnergyXTO Energy
XTO Energy is an American Fortune 500 energy producing company. Its primary products are oil and natural gas. It is based in Downtown Fort Worth, Texas. Its current CEO is Keith Hutton.-History:The company was founded in 1985 as Cross Timbers Oil Company...
.
In 2009 XTO Energy was ranked 325th on the Forbes Global 2000.
In December 2009, ExxonMobil announced proposal to acquire XTO Energy
XTO Energy
XTO Energy is an American Fortune 500 energy producing company. Its primary products are oil and natural gas. It is based in Downtown Fort Worth, Texas. Its current CEO is Keith Hutton.-History:The company was founded in 1985 as Cross Timbers Oil Company...
for $41 billion. The merger was completed in June 2010.
Baseball Owner
In August 2010, Simpson was a co-lead investor in the $593 million winning bid, to take the Texas RangersTexas Rangers (baseball)
The Texas Rangers are a professional baseball team in the Dallas-Fort Worth Metroplex, based in Arlington, Texas. The Rangers are a member of the Western Division of Major League Baseball's American League, and are the reigning A.L. Western Division and A.L. Champions. Since , the Rangers have...
baseball team out of bankruptcy.
In October 2010, the Texas Rangers
Texas Rangers (baseball)
The Texas Rangers are a professional baseball team in the Dallas-Fort Worth Metroplex, based in Arlington, Texas. The Rangers are a member of the Western Division of Major League Baseball's American League, and are the reigning A.L. Western Division and A.L. Champions. Since , the Rangers have...
played in the World Series
World Series
The World Series is the annual championship series of Major League Baseball, played between the American League and National League champions since 1903. The winner of the World Series championship is determined through a best-of-seven playoff and awarded the Commissioner's Trophy...
, for the first time in franchise history.
In 2011 Simpson expressed a desire to keep his ownership role low key, with co-chairman, Dallas oil man Ray Davis, depending on minority owner and team president Nolan Ryan
Nolan Ryan
Lynn Nolan Ryan, Jr. , nicknamed "The Ryan Express", is a former Major League Baseball pitcher. He is currently principal owner, president and CEO of the Texas Rangers....
to operate the team.
In October 2011, the team again reached the World Series
World Series
The World Series is the annual championship series of Major League Baseball, played between the American League and National League champions since 1903. The winner of the World Series championship is determined through a best-of-seven playoff and awarded the Commissioner's Trophy...
.
Education
Simpson received a BS in accounting, and an MBA from Baylor UniversityBaylor University
Baylor University is a private, Christian university located in Waco, Texas. Founded in 1845, Baylor is accredited by the Southern Association of Colleges and Schools.-History:...
. He was awarded the Distinguished Alumni Award in 2010.