• Year-end reserves per share are up more than 22 times
  since IPO in 1993
• Annual gas production volumes are up more than 28 times
  since IPO
• Targeting 23% production growth in 2008

• Fourth largest owner of domestic gas reserves among the independents
• Currently producing more than 1.71 Bcfe/d of gas per day
• 'Top-10' natural gas producer in the U.S.

• One of the lowest 'finding & development' costs in the sector
• Five-year all-in reserve replacement of 448%
• Strong operating margins yielding strong full-cycle economics

• Have identified 11.3 Tcfe of low-risk resource potential to drill
• About 5 years of low-risk growth inventory 'in hand'

• Acquire the best 'legacy' properties
• Apply rigorous engineering and geologic work, along with pioneering innovation
• Prove-up and develop more reserves and production
• Seek project economic returns better than 30%

• FirstCall consensus projection of more than $4.0 billion in cash flow for 2008
• Significant oil & gas hedges through 2009

• Appreciation of 6860% from 1993 IPO through April 2008
• The IPO stock price of $13 has increased to more than $904 through April 2008
  (when not adjusted for stock splits)

• Company founder actively manages company
• Senior executives together 25+ years
• Management owns more than 6% of XTO stock