XTO Raises $1.248B from Common Stock Offering

XTO Energy Inc. has completed its previously announced public common stock offering. The offering of 26,000,000 shares was priced at $48.00 per share, raising approximately $1.248 billion prior to underwriting costs.

The underwriters have also exercised their option to purchase an additional 3,900,000 shares priced at $48.00, raising approximately $187 million prior to underwriting costs, the closing of which is expected to occur on August 6, 2008, subject to customary closing conditions.

As a result of the offering, common shares outstanding will increase to approximately 553 million. The Company's management did not sell shares in the offering. Joint book-running managers for the common stock offering were Lehman Brothers, JPMorgan and UBS Investment Bank.