XTO Energy Announces Executive Promotions
20 11월 2008 - 9:02PM
PR Newswire (US)
FORT WORTH, Texas, Nov. 20 /PRNewswire-FirstCall/ -- XTO Energy
Inc. (NYSE:XTO) announced today the promotion of Keith A. Hutton to
Chief Executive Officer of the Company from his position as
President. Bob R. Simpson, a founder of the Company in 1986 and
Chief Executive Officer since 1993, will continue in his dedicated
and active leadership role as the Chairman of the Board and Founder
of XTO Energy. Vaughn O. Vennerberg II, Senior Executive Vice
President and Chief of Staff, has been promoted to President of the
Company. These promotions take effect on December 1, 2008. "We are
proud to announce the promotion of these exceptionally talented,
committed and accomplished men to their new executive positions at
XTO. This action by our Board officially recognizes the
contributions that Keith and Vaughn have made over the past
decades, and will make in the future, to the success of XTO
Energy," stated Bob R. Simpson, Chairman and Founder. "Going
forward, my efforts will remain focused and dedicated to XTO. Our
team leads the Company into an era of drill-bit growth unlike any
before. Our prolific property base, significantly strengthened by
the record acquisitions of 2008, provide visibility for growth and
economic strength for years to come. We, as an executive team, will
forge ahead together building XTO and creating value for all of us
shareholders." Mr. Hutton, 49, a native Texan and graduate of Texas
A&M, has been President of XTO Energy since 2005 and employed
by the Company in various engineering positions since 1987. Mr.
Vennerberg, 54, from Midwest City, Oklahoma and an alumnus of
Oklahoma State University, began his employment at XTO Energy in
1987 as Land Manager. Vaughn has served as Senior Executive Vice
President and Chief of Staff since 2005. XTO Energy will conduct a
conference call with executive management today at 9:00 a.m.
(Central), Thursday, November 20th. The conference call can be
accessed on the Company's website at http://www.xtoenergy.com/.
This release can be found at http://www.xtoenergy.com/. Statements
made in this news release, including those relating to future
growth, economic strength and value creation for shareholders are
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. These statements are based on assumptions and
estimates that management believes are reasonable based on
currently available information; however, management's assumptions
and the Company's future performance are subject to a wide range of
business risks and uncertainties and there is no assurance that
these goals and projections can or will be met. Any number of
factors could cause actual results to differ materially from those
in the forward-looking statements, including, but not limited to,
the timing and extent of changes in oil and gas prices, changes in
underlying demand for oil and gas, the timing and results of
drilling activity, production downtime due to maintenance, weather
or other factors outside the Company's control, the availability of
drilling equipment and technical personnel, changes in interest
rates, higher than expected production costs and other expenses,
future acquisitions, general economic conditions and failure to
obtain or delays in obtaining necessary permits for construction
projects. The Company undertakes no obligation to publicly update
or revise any forward-looking statements. 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/
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