Daily oil productionfor the first quarter was 65.6 thousand barrels, a 27% increase from the firstquarter 2008 level of 51.5 thousand barrels. During the quarter, natural gasliquids production was 18.3 thousand barrels per day, a 15% increase from theprior year quarter rate of 16.0 thousand barrels per day."Our quarterly results reflect strong old-fashioned performance for XTOEnergy," stated Bob R Simpson, Chairman and Founder. "Our production volumesexceeded expectations, with sequential growth of 3%. The Company's cash flowmargins expanded above $6 per Mcfe, as cash costs decreased. Operating cash flow, defined ascash provided by operations, before changes in operating assets andliabilities, exploration expense and significant cash flow effects of earningsadjustments, was $1.49 billion, up 40% from 2008 first quarter comparableoperating cash flow of $1.06 billion.(1)First quarter daily gas production averaged 2.23 billion cubic feet (Bcf), up30% from first quarter 2008 daily production of 1.71 Bcf. Total revenues for the first quarter were $2.16 billion, a 29%increase from $1.67 billion the prior year. Earnings for the quarter were $486million, or $0.84 per share ($0.83 diluted), compared with first quarter 2008earnings of $465 million, or $0.93 per share ($0.92 diluted).
After adjustingfor a $79 million ($51 million after tax) non-cash derivative fair value lossand a $9 million ($6 million after tax) gain on extinguishment of debt,adjusted earnings for first quarter 2009 were $531 million, or $0.92 per share($0.91 diluted), compared to first quarter 2008 adjusted earnings of $456million, or $0.91 per share ($0.90 diluted).(1)Operating income for the quarter was $881 million, a 7% increase from firstquarter 2008 operating income of $824 million. XTO Energy Announces 1Q Earnings and Record Production; Increases ProductionGrowth Target to 16%FORT WORTH, Texas, May 6 /PRNewswire-FirstCall/ -- XTO Energy Inc. (NYSE: XTO)today reported record first quarter 2009 production of 2.73 billion cubic feetequivalent (Bcfe) per day, up 29% from the first quarter 2008 level of 2.11Bcfe per day, and up 3% sequentially from 2.64 Bcfe per day in the fourthquarter 2008. Soon the pair will market theirpatented leash line to raise money for animal charities.Dane Andrew was presented a star in the sidewalk not just for his numerousacting roles, but also for his producing and on-camera TV show interviewing ofnumerous and sometimes notorious politicians and celebrities for just aboutall the national entertainment news TV shows, according to the web site http://, in which both Andrew and Rascal are listed.The star inscription reads, "Film / TV / Photography." Yes, Andrew has posedfor photos, but is known by the media world for his notable celebrity photosused in magazines from People to Rolling Stone, conducting exclusive celebsit-down interviews, and working behind the camera helping animals. Rascal wasfirst named World's Ugliest Dog in 2002, and is now a "Ring of Champions"title holder.
He is current winner of The Oldest Ugly Dog Contest in FortBragg, Ca., The Regal Cinema's Hotel for Dogs Ugly Dog Contest, author TimDowns' Ugly Dog Contest, the PSPCA "Ugly but Cute" photo contest, and may beheaded for the Guinness record books like his grandfather, Chi Chi, who won 8World Titles. Rascal, along with master Dane Andrew, has stared in severalhorror movies and been seen on Animal Planet, The View, Tonight Show, ET, "TheAdventures of Scanky Doo," People and more. named Dane Andrew and Rascalthe current "Distinguished Residents" at the "State of the City." Rascal, the7-lb. naturally hairless Chinese Crested critter, is the first and only dog inhistory to hold 6 current ugly dog titles from different contests. Andrew said, "This is Rascal's star as well,since he has done more TV and film work than most Hollywood SAG actors. Whatan incredible honor to have bestowed considering the huge celebrity namesimmortalized in the Walk of Stars, but one of the most amazing thrills wasgetting a special presentation from Cheeta the chimp, from Tarzan and Bedtimefor Bonzo with Ronald Reagan." The Mayor of their hometown of Sunnyvale, Calif. PALM SPRINGS, Calif., May 6 /PRNewswire/ -- Actor Dane Andrew, flanked by hisfamous K-9 star, Rascal, "The World's Ugliest Dog," received a star on the"Walk of Fame." The day was proclaimed "Dane Andrew Day" by the mayor of PalmSprings.