EX-99.1 2 v125519_ex99-1.htm
EXHIBIT 99.1
 
[XTO Logo Here]
 NEWS RELEASE
For Immediate Release
 
Number: 08-35
XTO ENERGY UPDATES PRICE HEDGES;
HEDGES FOR 2009 EXCEED 50% OF PROJECTED PRODUCTION VOLUMES
 
FORT WORTH, TX (September 3, 2008) - XTO Energy Inc. (NYSE-XTO) updated today its price hedges for future sales of natural gas and oil production from 2008 through 2010. 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
 
Mcfe Price
  
2008
Natural Gas
              
 
July
    
1,200,000
  
$
8.32
        
 
Aug
    
1,310,000
  
$
8.50
        
 
Sep - Dec
    
1,450,000
  
$
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
    
1,750,000
        
$
10.06
  
                       
2009
Natural Gas
                    
 
Jan - Dec
    
1,185,000
  
$
9.59
        
                       
 
Oil
                    
 
Jan - Dec
    
55,000
  
$
123.04
        
                       
 
Total Natural Gas Equivalent
                       
 
Jan - Dec
    
1,515,000
        
$
11.97
  
                       
2010
Natural Gas
                    
 
Jan - Dec
    
300,000
  
$
9.50
        
                       
 
Oil
                    
 
Jan - Dec
    
25,000
  
$
130.31
        
                       
 
Total Natural Gas Equivalent
                        
 
Jan - Dec
    
450,000
        
$
13.57
  
 
(more)
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XTO Energy Updates Hedges; Hedges for 2009 Exceed 50% of Projected Production Volumes

“For 2009, we now have secured hedging on more than 50% of our expected production volumes, up from 40% last week, at an equivalent natural gas price of $11.97 per Mcfe,” stated Bob R. Simpson, Chairman and Chief Executive Officer.

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.

Contact:
 Louis G. Baldwin
 Gary D. Simpson
 
 Executive Vice President &
 Senior Vice President
 
 Chief Financial Officer
 Investor Relations & Finance
 
 XTO Energy Inc.
 XTO Energy Inc.
 
 817/870-2800
 817/870-2800

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 future events. Although we believe our forward-looking statements are reasonable, they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties.