ALASKA STATE LEGISLATURE                                                                                  
             HOUSE SPECIAL COMMITTEE ON OIL AND GAS                                                                           
                         March 22, 2002                                                                                         
                           8:07 a.m.                                                                                            
                                                                                                                                
                                                                                                                                
COMMITTEE CALENDAR                                                                                                            
                                                                                                                                
OVERVIEW: XTO ENERGY                                                                                                            
                                                                                                                                
TAPES                                                                                                                         
                                                                                                                                
02-16, SIDE(S) A                                                                                                                
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
REPRESENTATIVE HUGH  FATE, Vice Chair,  called the meeting  of the                                                              
House Special Committee on Oil and Gas and to order at 8:07 a.m.                                                                
                                                                                                                                
PRESENT                                                                                                                       
                                                                                                                                
Members  present  were Representatives  Fate,  Chenault,  Kohring,                                                              
and Joule.  Also present was Representative Lancaster.                                                                          
                                                                                                                                
SUMMARY OF INFORMATION                                                                                                        
                                                                                                                                
LINDSEY   DINGMORE,  Manager   of   Governmental  and   Regulatory                                                              
Affairs,  XTO  Energy  (formerly   Cross  Timbers),  presented  an                                                              
overview  that included basic  information  on the company,  major                                                              
producing properties,  major producing areas, a  reserves profile,                                                              
a gas production  profile, development reserves added,  and global                                                              
reserves placement.  A handout was provided.                                                                                    
                                                                                                                                
D.C.  (DOUG)  SCHULTZE,  Vice  President  of  Operations,  Permian                                                              
District  &  Alaska,  XTO  Energy,   continued  the  presentation.                                                              
Discussion included Cook Inlet and Middle Ground Shoal.                                                                         
                                                                                                                                
ANNOUNCEMENTS                                                                                                                 
                                                                                                                                
There were no announcements.                                                                                                    
                                                                                                                                
COMMITTEE ACTION                                                                                                              
                                                                                                                                
The committee took no action.                                                                                                   
                                                                                                                                
ADJOURNMENT                                                                                                                   
                                                                                                                                
VICE CHAIR  FATE recessed the House  Special Committee on  Oil and                                                              
Gas meeting  at 8:35 a.m. in order  to prepare for the  hearing on                                                              
SB 343.   [For minutes  on SB 343, see  the 8:40 a.m.  minutes for                                                              
this date.]                                                                                                                     
                                                                                                                                
NOTE:   The meeting  was recorded and  handwritten log  notes were                                                              
taken.   A copy of the  tape(s) and log  notes may be  obtained by                                                              
contacting  the House  Records Office  at State  Capitol, Room  3,                                                              
Juneau,  Alaska  99801  (mailing  address),  (907)  465-2214,  and                                                              
after  adjournment  of the  second  session of  the  Twenty-Second                                                              
Alaska  State Legislature  this  information  may  be obtained  by                                                              
contacting the Legislative Reference Library at (907) 465-3808.