XTO Energy Expects Year-End 2005 Reserves to Exceed 7.5 Tcfe
2006年1月27日 - 9:31PM
PRニュース・ワイアー (英語)
FORT WORTH, Texas, Jan. 27 /PRNewswire-FirstCall/ -- In connection
with its securities analysts meeting, XTO Energy Inc. (NYSE:XTO)
announced today that the Company expects year-end 2005 proved
reserves to exceed 7.5 trillion cubic feet of natural gas
equivalent (Tcfe). These reserve volumes imply an all-in finding
and development cost for the year, including acquisitions, of
between $1.40 - $1.50 per thousand cubic feet of gas equivalent
(Mcfe). Based on development expenditures of about $1.4 billion,
the Company further expects its 2005 drill bit finding costs to
range between $1.10 - $1.20 per Mcfe. Final proved reserves
estimates, as prepared by Miller & Lents, Ltd., will be
available by late February. XTO Energy Inc. is a domestic energy
producer engaged in the acquisition, development and discovery 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 and
Louisiana. This release can be found at http://www.xtoenergy.com/.
Statements made in this press release, including those relating to
proved reserves, finding and development costs, development
expenditures and drill bit finding costs 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, the timing of production, treatment and
transportation facility installations, the availability of drilling
equipment and technical personnel, curtailments by third-party
pipelines, changes in interest rates and higher than expected
production costs and other expenses. 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,
+1-817-870-2800, or Gary D. Simpson, Senior Vice President of
Investor Relations & Finance, +1-817-870-2800, both of XTO
Energy Inc. Web site: http://www.xtoenergy.com/
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