XTO Energy Updates Natural Gas and Oil Price Hedges
FORT WORTH, Texas, July 31 /PRNewswire-FirstCall/ — XTO Energy Inc. updated today its price hedges for future sales of natural gas and oil production from 2008 through 2010. The following table updates the Company’s current outstanding commodity swap transactions:
PRODUCTION: Mcf or Bbls NYMEX Price Natural Gas per Day per Mcf or Bbl Mcfe Price 2008 Natural Gas July 1,200,000 $ 8.32 Aug 1,310,000 $ 8.50 Sep – Dec 1,410,000 $ 8.79 Oil July 34,500 $ 81.13 Aug 38,000 $ 85.67 Sep – Dec 50,000 $ 97.35 Total Natural Gas Equivalent Sep – Dec 1,710,000 $ 10.10 2009 Natural Gas Jan – Dec 522,500 $ 10.03 Oil Jan – Dec 35,000 $ 126.17 Total Natural Gas Equivalent Jan – Dec 732,500 $ 13.18 2010 Natural Gas Jan – Dec 100,000 $ 10.27 Oil Jan – Dec 20,000 $ 132.95 Total Natural Gas Equivalent Jan – Dec 220,000 $ 16.75
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 and West Virginia.
This release can be found at http://www.xtoenergy.com/.
XTO Energy Inc.
CONTACT: Louis G. Baldwin, Executive Vice President & Chief FinancialOfficer, 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/