XTO Energy Updates Performance Guidance; Increases 2009 Production Target From 20% to 23%; Initiates 2011 Hedging Program

Wednesday, November 04, 2009 6:01 AM

Nov. 4, 2009 (PR Newswire) --

FORT WORTH, Texas, Nov. 4 /PRNewswire-FirstCall/ -- XTO Energy Inc. (NYSE: XTO) is providing operational and financial guidance for the remainder of 2009 based on current expectations for production, expenses 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 raising its targeted annual production growth to 23% for 2009. The estimated ranges of average daily production for the fourth quarter of 2009 are:


Q4
-------------
Natural Gas (MMcf)              2,360 - 2,400
NGL (MBbl)                            22
Oil (MBbl)                            66

Total Gas Equivalent (MMcfe)    2,888 - 2,928

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.

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