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The following table reflects the Company's current outstanding 2010 commodity swap transactions:
Mcf or Bbls NYMEX Price Natural Gas
PRODUCTION per Day per Mcf or Bbl Mcfe Price
------- -------------- ----------
Natural Gas 1,250,000 $ 7.49
Oil 70,000 $ 95.70
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Total Natural Gas Equivalent 1,670,000 $9.62
============================= ========= =====
The Company also announced today production results from the Jorgenson 43X-04 in the Bakken Shale play of North Dakota. This Three Forks/Sanish well was completed at an initial daily production rate of 2,700 barrels of oil equivalent, at a flowing casing pressure of 1,700 pounds.
"The Jorgenson well sets a new standard for our Three Forks/Sanish program," stated Keith A. Hutton, CEO. "As we move into 2010, we expect to double our rig count to six in the Bakken."
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, including statements regarding projected 2010 production, a stronger natural gas environment and rig counts in the Bakken Shale. 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.
SOURCE XTO Energy Inc.
http://www.xtoenergy.com
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