XTO Energy Announces Common Stock Offering
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FORT WORTH, Texas, July 22 /PRNewswire-FirstCall/ -- XTO Energy Inc.
(NYSE: XTO) today announced that it intends to publicly offer 26,000,000
shares of its common stock. Proceeds of the offering are expected to fund
recently announced property acquisitions and to repay indebtedness under its
commercial paper program.
The offering will be made pursuant to the Company's effective shelf
registration statement. The Company has also granted the underwriters an
option to purchase an additional 3,900,000 shares of common stock to cover
over-allotments, if any.
Lehman Brothers, JPMorgan and UBS Investment Bank are joint book-running
managers for the offering. Copies of the preliminary prospectus supplement
relating to the offering may be obtained from the offices of Lehman Brothers
Inc., c/o Broadridge, 1155 Long Island Avenue, Edgewood, NY 11717, Tel:
888-603-5847, Fax: 631-254-7140; J.P. Morgan Securities Inc., Prospectus
Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245, Tel:
718-242-8022, Fax: 718-242-1350; UBS Securities LLC, Attention: Prospectus
Department, 299 Park Avenue, New York, NY 10171, Tel: 888-827-7275. An
electronic copy of the prospectus supplement will be available on the website
of the Securities and Exchange Commission at http://www.sec.gov.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities, nor shall there be any sale of
these securities in any state in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of the state.
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. Its properties are concentrated
in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska,
Utah, Louisiana, Mississippi, Montana, North Dakota, Pennsylvania and West
Virginia.
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. 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.
SOURCE XTO Energy Inc.
Louis G. Baldwin, Executive Vice President & Chief Financial Officer, or Gary
D. Simpson, Senior Vice President Investor Relations & Finance, both of XTO
Energy Inc., +1-817-870-2800
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