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A security guard walks past cars in a Geely Automobile Holdings Ltd. factory in a Shanghai suburb September 28, 2006.REUTERS/Aly Song

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XTO Energy CEO sees more acquisitions this year

HOUSTON
Tue Jun 10, 2008 11:54am EDT

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HOUSTON (Reuters) - The chief executive officer of XTO Energy Inc (XTO.N) said on Tuesday he expects the company to spend at least $1 billion to $1.5 billion on additional acquisitions in 2008.

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"That is sort of a minimum I see us doing for the rest of the year," Bob Simpson, the Fort Worth, Texas, company's CEO, told analysts on a conference call. "It's just midyear, and lots of deals are coming."

Earlier on Tuesday, XTO said it would buy privately held Hunt Petroleum Corp for $4.2 billion in cash and stock.

(Reporting by Anna Driver; editing by John Wallace)
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