XTO Energy Increases Oil Price Hedges for 2010
2009年6月30日 - 9:30PM
PRニュース・ワイアー (英語)
FORT WORTH, Texas, June 30 /PRNewswire-FirstCall/ -- XTO Energy
Inc. (NYSE:XTO) today updated its price hedges for future sales of
oil production in 2010. The company has now hedged approximately
95% of its projected 2010 oil production. 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 2009 Natural Gas Jul - Dec* 1,745,000
$ 8.79 Oil Jul - Dec** 62,500 $ 117.11 Total Natural Gas Equivalent
Jan - Dec 2,120,000 $ 10.69 2010 Natural Gas Jan - Dec 730,000 $
8.67 Oil Jan - Dec 70,000 $ 95.70 Total Natural Gas Equivalent Jan
- Dec 1,150,000 $ 11.33 * Includes swap agreements for 1,273,000
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 $6.35 per Mcf. **
Includes swap agreements for 57,000 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 $58.64 per Bbl. "We are encouraged by our
activities in the Bakken Shale and the additional oil hedges
underpin these strong economics," stated Bob R. Simpson, Chairman
and Founder. "Even in these difficult economic times, our
geo-technical team continues to unlock the power of last year's
acquisitions and position XTO for a strong 2010." 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/. 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. 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, +1-817-870-2800, both of XTO Energy Inc. Web Site:
http://www.xtoenergy.com/
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