XTO Energy Inc. has updated its price hedges for future sales of production in 2010.
"We have now hedged approximately 55% of our projected 2010 production and remain confident of a stronger natural gas environment," stated Bob R. Simpson, chairman and founder.
The company's current outstanding 2010 commodity swap transactions are:
Natural gas - 1,250,000 Mcf at $7.49 NYMEX
Oil - 70,000 bbls at $95.70 NYMEX
Total Natural Gas Equivalent 1,670,000 $9.62 Mcfe price