XTO Energy Provides Performance Guidance for 2009
19 2월 2009 - 10:37PM
PR Newswire (US)
FORT WORTH, Texas, Feb. 19 /PRNewswire-FirstCall/ -- XTO Energy
Inc. (NYSE:XTO) is providing operational and financial guidance for
2009 based on current expectations for production, expenses,
recently completed acquisitions and other parameters resulting from
ongoing operations and development budget activities. These
statements are forward looking, as described in the final paragraph
of this release, and actual results may differ materially. These
estimates do not include derivative fair value gains and losses,
the effects of possible future acquisitions or divestitures, or
unforeseen events that may occur after this release. Production The
Company is targeting annual production growth of 14% for 2009. The
estimated ranges of average daily production are: Q1 - Q4 Natural
Gas (MMcf) 2,170 - 2,190 NGL (MBbl) 17 Oil (MBbl) 63 Total Gas
Equivalent (MMcfe) 2,650 - 2,670 Price Realizations and
Differentials The Company's realized natural gas and oil prices are
expected to average below the NYMEX prices due to regional
differentials. The following are estimated pricing differentials,
or percentage reductions to NYMEX prices, before consideration of
any hedging activity: Q1 - Q4 Differential (Percentage of NYMEX)
Natural Gas 15 - 18% Oil 11 - 13% Realized pricing for natural gas
liquids (NGL) is expected to be about 40% to 45% of the average
NYMEX oil price. Expenses The following table presents the
Company's expected expenses per Mcfe assuming a $5.00 per Mcf NYMEX
gas price and a $50.00 per Bbl NYMEX oil price: Expense ($/Mcfe) Q1
- Q4 Production 1.00 - 1.10 Taxes, transportation and other 0.60 -
0.70 Exploration 0.05 - 0.10 Depreciation, depletion and
amortization 2.85 - 2.95 Accretion of asset retirement obligation
0.02 - 0.04 General and administrative: cash 0.25 - 0.30 General
and administration: non-cash, stock-based 0.12 - 0.18 Interest 0.58
- 0.62 Hedging The Company's current NYMEX hedging positions for
natural gas and oil are: PRODUCTION: Mcf or Bbls NYMEX Price
Natural Gas per Day per Mcf or Bbl 2009 Jan - Dec* 1,745,000 $8.79
2010 Jan - Dec 730,000 $8.67 Oil 2009 Jan - Dec** 62,500 $117.11
2010 Jan - Dec 27,500 $126.65 * Includes swap agreements for
1,173,000 Mcf per day which were early settled and reset at current
market prices. The price shown is the price that will be used for
cash flow hedge accounting purposes and has been reduced for
transaction costs related to the early settlements. The weighted
average cash settlement contract price for all contracts is $6.56
per Mcf. ** Includes swap agreements for 53,000 Bbls per day which
were early settled and reset at current market prices. The price
shown is the price that will be used for cash flow hedge accounting
purposes and has been reduced for transaction costs related to the
early settlements. The weighted average cash settlement contract
price for all contracts is $62.86 per Bbl. Income Tax For the year,
the Company projects a 37% effective tax rate, with up to 35% of
that amount expected to be currently payable. 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. This release can be found at
http://www.xtoenergy.com/. Statements made in this news release,
including those relating to production growth, average daily
production, price realizations and differentials, commodity prices,
expenses and effective income tax rates and percentage currently
payable 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, failure to close previously announced acquisitions, 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, the timing of production, treatment and
transportation facility installations, the availability of drilling
equipment and technical personnel, curtailments by third-party
pipelines and processing or treatment facilities, changes in
interest rates, higher than expected production costs and other
expenses and failure to timely integrate acquired properties and
personnel. 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/
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