XTO Energy Inc., along with its subsidiaries, is engaged in the acquisition, development, exploitation and exploration of producing oil and gas properties, and in the production, processing, marketing and transportation of oil and natural gas. Its estimated proved reserves at December 31, 2007, were 9.44 trillion cubic feet (Tcf) of natural gas, 67 million barrels (Bbls) of natural gas liquids and 241 million Bbls of oil. On an energy equivalent basis, its proved reserves were 11.29 trillion cubic feet equivalent (Tcfe) at December 31, 2007. On an thousand cubic feet of natural gas equivalent (Mcfe) basis, 66% of proved reserves were proved developed reserves at December 31, 2007. During the year ended December 31, 2007, its average daily production was 1.46 Billion cubic feet (Bcf) of gas, 13,545 Bbls of natural gas liquids and 47,047 Bbls of oil. In September 2008, XTO Energy Inc. completed its merger of Hunt Petroleum Corporation and other associated entities.
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