XTO Energy Increases 2009 Production Target to 22%; Increases Development Budget to $4.6 Billion

Tuesday, July 22, 2008

XTO Energy Inc. (NYSE: XTO) announced today that the Company is increasing its 2009 production growth target to 22% based on projected development activities and acquisitions already announced in 2008. In order to achieve this production growth, the 2009 development budget is estimated to be $4.6 billion. The Company plans to utilize about 120 operated drilling rigs. Another $700 million will be allocated for pipeline infrastructure, compression and processing facilities.


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