XTO Xto Energy, Inc.

XTO Energy Increases Common Stock Dividend FORT WORTH, Texas, Aug. 18 /PRNewswire-FirstCall/ -- XTO Energy Inc. (NYSE:XTO) today announced that its Board of Directors has increased its quarterly cash dividend by 400%, up from 1 cent per share to 5 cents per share, effective immediately with the October dividend payment. "With the success of our acquisition and development strategy, coupled with high commodity prices, the Company's financial posture and flexibility have never been stronger. We are delivering low-risk development growth, valuable property acquisitions and a solid balance sheet as we look to increase returns to our owners," stated Bob R. Simpson, Chairman and Chief Executive Officer. "This dividend increase is a natural step in our ongoing commitment to getting the shareholders paid." The outstanding Common Stock dividend is payable October 15, 2004 to stockholders of record at the close of business September 30, 2004. XTO Energy Inc. is a premier domestic natural gas and oil producer engaged in the acquisition, exploitation and development of quality, long-lived gas and oil properties. The Company, whose predecessor companies were established in 1986, completed its initial public offering in May 1993. Its properties and activities are concentrated in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska and Louisiana. This release can be found at http://www.xtoenergy.com/ . Statements made in this news release, including those relating to the Company's financial position and outlook, development growth, value creation and returns to shareholders, 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 both 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, a significant decline in product prices, the timing and results of drilling activity, the timing of production, treatment and transportation facility installations, the availability of drilling equipment and steel supplies, higher than expected production costs and other expenses and general market conditions. 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 & CFO, or Gary D. Simpson, Vice President - Investor Relations, both of XTO Energy Inc., +1-817-870-2800 Web site: http://www.xtoenergy.com/

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