XTO Energy Increases Oil Price Hedges for 2010
XTO Energy has updated its price hedges for future sales of oil production in 2010. The company has now hedged approximately 95% of its projected 2010 oil production.
"We are encouraged by our activities in the Bakken Shale and the additional oil hedges underpin these strong economics," stated Bob R. Simpson, Chairman and Founder. "Even in these difficult economic times, our geo-technical team continues to unlock the power of last year's acquisitions and position XTO for a strong 2010."
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