XTO Energy Increases Commodity Price Hedges; 77% of 2009 Projected Production Now Hedged at $10.77 Per Mcfe
20 11월 2008 - 9:01PM
PR Newswire (US)
FORT WORTH, Texas, Nov. 20 /PRNewswire-FirstCall/ -- XTO Energy
Inc. (NYSE:XTO) today updated its price hedges for future sales of
natural gas and oil production for 2009 and 2010. "We have now
hedged approximately 77% of our expected production in 2009. XTO
anticipates record cash flow and production volumes with the
financial strength to reduce debt by at least $1.25 billion next
year," stated Bob R. Simpson, Chairman and Chief Executive Officer.
"With our focus on delivering performance, particularly in these
challenging times, we will continue to look for opportunities to
increase our hedge position." The following table reflects the
Company's current outstanding commodity swap transactions:
PRODUCTION: Mcf or Bbls NYMEX Price Natural Gas per Day per Mcf or
Bbl Equiv. Price 2009 Natural Gas Jan - Dec 1,745,000 $8.83 Oil Jan
- Dec 62,500 $118.85 Total Natural Gas Equivalent Jan - Dec
2,120,000 $10.77 2010 Natural Gas Jan - Dec 730,000 $8.67 Oil Jan -
Dec 27,500 $126.65 Total Natural Gas Equivalent Jan - Dec 895,000
$10.96 XTO Energy Inc. is a domestic natural gas producer engaged
in the acquisition, exploitation and development of quality,
long-lived oil and natural gas properties in the United States. Its
properties are concentrated in Texas, New Mexico, Arkansas,
Oklahoma, Kansas, Wyoming, Colorado, Alaska, Utah, Louisiana,
Mississippi, Montana, North Dakota, Pennsylvania, New York, West
Virginia and Kentucky. This release can be found at
http://www.xtoenergy.com/. This document contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements include estimates and give our current
expectations or forecasts of financial performance, operational
results, debt reduction and future hedging. Although we believe our
forward-looking statements are reasonable, they can be affected by
inaccurate assumptions or by known or unknown risks and
uncertainties. Further information on risks and uncertainties is
available in the Company's filings with the Securities and Exchange
Commission, which are incorporated by this reference as though
fully set forth herein. DATASOURCE: XTO Energy Inc. CONTACT: Louis
G. Baldwin, Executive Vice President & Chief Financial Officer,
or Gary D. Simpson, Senior Vice President, Investor Relations &
Finance, both of XTO Energy Inc., +1-817-870-2800 Web site:
http://www.xtoenergy.com/
Copyright
XTO (NYSE:XTO)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
XTO (NYSE:XTO)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024
Xto Energy, Inc. (뉴욕 증권거래소)의 실시간 뉴스: 최근 기사 0
More Xto Energy, Inc. News Articles