XTO Announces 20 Million Common Share Offering

Oil and gas exploration and production company XTO Energy (NYSE:XTO) Inc announced that it has priced a public offering of 20,000,000 shares of its common stock at a price to the public of $55.00 per share. All shares are being sold by XTO. Proceeds of the offering are expected to fund recently announced property acquisitions and to repay indebtedness under its commercial paper program.

XTO also has granted the underwriters a 30-day option to purchase up to 3,000,000 additional shares of its common stock solely to cover over-allotments, if any.

XTO currently has about 483.6 million shares outstanding.