FORT WORTH, Texas, July 23 /PRNewswire-FirstCall/ -- XTO Energy Inc. announced that it has priced a public offering of 26,000,000 shares of its common stock at a price to the public of $48.00 per share. All shares are being sold by XTO Energy. Proceeds of the offering are expected to fund recently announced property acquisitions and to repay indebtedness under its commercial paper program. XTO Energy also has granted the underwriters a 30-day option to purchase up to 3,900,000 additional shares of its common stock solely to cover over-allotments, if any. The offering is expected to settle and close on July 29, 2008, subject to customary closing conditions.
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 or by 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. Further information on risks and uncertainties is available in the Company's filings with the Securities and Exchange Commission, which are incorporated by this reference as though fully set forth herein.
