Comparison of XTO Energy and Devon Energy Companies :: Energy Business Companies Workforce Essays

Comparison of XTO expertness and Devon Energy CompaniesCompany Background XTO Energy Inc. is a premier domestic raw(a) mishandle and oil producer engaged in the acquisition, exploitation and cultivation of quality, long-lived gas and oil properties. The Company, whose predecessor companies were established in 1986, perfect its initial public offering in May 1993. Its properties and activities atomic number 18 arduous in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Al entreata 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. XTOs of import focus is acquiring established, long-lived properties, which are low in risk, and impart the best technology possible to maximize production.Structure Based on interviews with vigilance, we found that XTOs vigilance style encourages innovation. Employees are encouraged t o ask for forgiveness and not permission. Weve learned this semester through lecture and readings, that this management proficiency empowers employees and gives them the autonomy they like and the indigentdom to create. Employees that work under this type of management style are not faced with the possibility of loosing their jobs if they make a business decision that turns out to have negative consequences. Employees are free to innovate and take pragmatic risks. The company culture at XTO is depict as laid foul and relaxed. XTO believes that major oil and gas companies are un adequate to(p) to implement this type of culture due to their size. Since XTO is smaller, the company is able to deploy a much different policy from what the majors employ. As the company rapidly grows, this relaxed practice has become a concern for XTOs management. The company has recently grown so much that theyve had to pull back slightly on the relaxed atmosphere. Management has been working with Human Resources to increase the get of structure within the company. It remains to be seen if this policy will surround company innovation.XTOs main focus in managing people has been to adjust and adhere to employees interests and skills. If an employee becomes unproductive or disinterested with her current job accountabilities, management will find alternatives for the employee first before termination. Management will steer an employee to a business unit where she may have the best luck to excel, and where her skill set and interests will be most utilized - an conglutination with the best practices concept studied in this course.