Mariner's West Texas Acquisition Ups Proved Reserves by 14 Bcfe

Mariner Energy, Inc. has closed on the acquisition of an additional 5% working interest in the Mariner-operated Spraberry Aldwell Unit in the Permian Basin for approximately $21.7 million. Mariner estimates net proved oil and gas reserves attributable to the interests of approximately 14.0 Bcfe (65% oil and liquids).

Current production from the property is approximately 1600 Mcfe per day. The interest was acquired from Plains Exploration & Production Company through Mariner's exercise of a preferential right to purchase in connection with Plains Exploration & Production Company's transaction with Oxy USA Inc. dated December 14, 2007.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Oilfield Sales Representative - Outside Sales (Oil and Gas)
Expertise: Business Development|Project Management|Sales
Location: Odessa, TX
EU Business Development Manager - Refining/Maintenance Services
Expertise: Business Development
Location: Houston, TX
Manager, Probabilistic Risk Analysis Job
Expertise: Business Development|Research & Development|Technical Manager
Location: Minneapolis, MN
search for more jobs

Brent Crude Oil : $49.98/BBL 1.59%
Light Crude Oil : $49.18/BBL 1.56%
Natural Gas : $2.73/MMBtu 1.44%
Updated in last 24 hours