XTO Energy chief lashes out at criticsCompany weighs in with record earnings, production; company boosts capital spending 10 percent to $935 million Ray Tyson Petroleum News Houston Correspondent
Independent producer XTO Energy, awash in billions of dollars worth of property acquisitions, has raised its production forecast for 2005 and increased capital spending to develop some of the properties. The company also posted record production and earnings for the 2005 first quarter.
Nevertheless,....
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Some $3 billion in acquisitions
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