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CEOWORLD Magazine (Free subscription) | yesterday
XTO Energy Inc. (NYSE: XTO) today announced that its Board of Directors has approved a 2009 capital budget for development and exploration expenditures of $3.3 billion. An additional $500 million has been budgeted for the construction of pipeline infrastructure and compression and processing facilities. With these expenditures, the Company plans to increase 2009 production [...]
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CEOWORLD Magazine (Free subscription) | yesterday
XTO Energy Inc. (NYSE: XTO) announced today the promotion of Keith A. Hutton to Chief Executive Officer of the Company from his position as President. Bob R. Simpson, a founder of the Company in 1986 and Chief Executive Officer since 1993, will continue in his dedicated and active leadership role as the Chairman of [...]
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Financial Time (Free subscription) | yesterday
XTO Energy, a mid-tier US natural gas producer, yesterday said it was lowering its 2009 spending and output targets amid falling commodity prices and a tightened...
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The Dallas Business Journal (Free subscription) | 11/20/2008
The board of natural gas producer XTO Energy Inc. has approved $3.3 billion to cover development and exploration initiatives, the company says. (XTO)
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PR News Wire (Free subscription) | 11/20/2008
Statements made in this news release, including those relating to future growth, economic strength and value creation for 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...
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PR News Wire (Free subscription) | 11/20/2008
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 Equiv. Price
2009 Natural Gas
Jan - Dec 1,745,000 $8.83
Oil
Jan - Dec 62,500 $118.85
Total Natural Gas
Equivalent
Jan - Dec 2,120,000 $10.77
2010 Natural Gas
Jan - Dec 730,000 $8.67
Oil
Jan - Dec 27,500 $126.65
Total...
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PR News Wire (Free subscription) | 11/20/2008
Statements made in this news release, including those relating to production volume increases, cash flow, free cash flow, debt reduction, stock value, margins, number of wells to be drilled, the number of rigs to be utilized, the number of workover events, development and exploration activities and development budget expenditures by area are forward-looking statements within the meaning of Section...
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The Dallas Business Journal (Free subscription) | 11/05/2008
Natural gas producer XTO Energy Inc. said Wednesday the company’s third-quarter profit rose 26 percent as daily gas production rose 25 percent over the same period a year ago to a daily average production of 1.95 billion cubic feet. (XTO)
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Dallas Morning News (Free subscription) | 11/05/2008
The company sees production sliding by 4 billion cubic feet equivalent to 4.5 billion cubic feet equivalent due to the storms. Previously XTO had guided for dips of 2.5 billion cubic feet equivalent to 3 billion cubic feet equivalent.
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Somervell County Salon (Free subscription) | 11/04/2008
From the Weatherford Democrat A leak in a line owned by Barnett Gathering, a subsidiary of XTO Energy, and running through property owned by Cole’s Plants, Inc. and Harry’s Greenhouse, Inc., near Brock, has already killed surface plant.......
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The Dallas Business Journal (Free subscription) | 10/24/2008
After updating price hedges for future sales of natural gas and oil, natural gas producer XTO Energy Inc. said Friday it aims to pay down its debt by $1 billion next year. (XTO)
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Dallas Morning News (Free subscription) | 10/24/2008
The Fort Worth natural gas producer said in a press release it has now hedged about 70 percent of its 2009 production at a price of $11 per thousand cubic feet. That means the company used financial trades or other means to protect itself from fluctuations in natural gas market prices.
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PR News Wire (Free subscription) | 10/24/2008
FORT WORTH, Texas, Oct. 24 /PRNewswire-FirstCall/ -- XTO Energy Inc.
(NYSE: ) today updated its price hedges for future sales of natural gas
and oil production for 2009 and 2010.
"We have now hedged approximately 70% of our expected production in
2009 at an equivalent price of $11.00 per Mcfe. Given these hedges and the
current commodity strip pricing, XTO anticipates record cash flow and
production...
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The Dallas Business Journal (Free subscription) | 10/16/2008
Independent oil and gas producer XTO Energy Inc.'s executive vice president and chief financial officer Louis Baldwin has sold 535,700 shares of the company’s common stock. (XTO)
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The Dallas Business Journal (Free subscription) | 10/01/2008
Natural gas producer XTO Energy Inc. issued a statement Wednesday, saying third-quarter production was affected by the landing of two major tropical storms. (XTO)
