In connection with
its securities analysts meeting, XTO Energy Inc. said
that the Company expects year-end 2005 proved reserves to exceed 7.5 trillion cubic feet of natural gas equivalent (Tcfe). These reserve volumes imply an
all-in finding and development cost for the year, including acquisitions, of
between $1.40 - $1.50 per thousand cubic feet of gas equivalent (Mcfe). Based
on development expenditures of about $1.4 billion, the Company further expects
its 2005 drill bit finding costs to range between $1.10 - $1.20 per Mcfe.
Final proved reserves estimates, as prepared by Miller & Lents, Ltd., will be
available by late February.
XTO Energy Inc. is a domestic energy producer engaged in the acquisition,
development and discovery of quality, long-lived oil and natural gas
properties in the United States. Its properties are concentrated in Texas,
New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska, Utah and