As a founder, I'd like to give you some quick insight into XTO. Our management team owns more than 6% of the Company and is committed to creating value for the shareholders. Our laser-like focus drives consistent growth per share for our owners and, ultimately, value realization in our share price. In fact, reserves per share have increased over 20 times since 1993 and importantly, the XTO stock price has performed even better.
Now to the objectives at hand. Our strategy --- acquire, exploit and discover --- was developed in the 1970's and refined at XTO. Our team has built a great portfolio of properties rich with development opportunities, we call them legacy assets. These assets will fuel our production growth of 29%+ this year and 22% growth for 2009. Perhaps most important, our model has delivered exceptional economic returns on capital invested, year after year. We are committed to building on this success and, with the new era of strong energy prices, believe the best is yet to come.
With that, I invite you to research XTO Energy and ask any questions. We'd love for you to join us as an owner. And if you are an owner, thanks for your continued loyalty and support.
