XTO Energy files $2.5 billion shelf

By Ted A. Knutson

Washington, Feb. 11 - XTO Energy, Inc. filed for a $2.5 billion shelf in an S-3 registration with the Securities and Exchange Commission.

Under the shelf, the company may issue debt securities, common stock, preferred stock and warrants. XTO Energy also may issue convertible securities.

The Fort Worth, Texas-based energy firm said proceeds from offerings authorized by the shelf would be used for general corporate purposes, including working capital, repayment or reduction of debt, capital expenditures, acquisitions of additional oil and natural gas properties and repurchases and redemptions of securities.

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