XTO said it expects to increase gas production by 15% compared to 2002 levels while oil and natural gas liquids output is forecast to rise by 12%.
In total, the company plans to participate in about 309 new wells and perform around 385 workovers and recompletions.
About 65% of the development budget will be spent in east Texas, where 149 new wells and 60 workovers are targeted, with the San Juan and Arkoma basins allocated 20% of the development funds.
The
