Properties Overview - XTO Energy has remained true to its founding strategy. We identify and acquire high-quality properties and strive to enhance their value by increasing production and reserves. In the process, XTO has become a premier consolidator of resource basin plays in America. This will lead to future growth defined by a 'manufacturing program' of drilling inventory within tight-gas, shale, coal bed methane and long-lived oil properties. With a low-risk development inventory of about 9,500 wells today, XTO is targeting upsides of more than 11.3 Tcfe or 100% of its YE '07 reserve base.
XTO Energy is a dominant producer of natural gas in the U.S. with over 90% of our natural gas production originating in non-conventional plays. In East Texas, the Company is the top producer from the tight-gas formation within its Freestone Trend play. In the Barnett Shale, XTO ranks as the second largest producer and currently operates 18 drilling rigs. The Woodford and Fayetteville shales, part of our Arkoma Basin, represent future production and reserve growth of 3.6 Tcfe.
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