Forest reported year end 2009 estimated proved reserves of 2,120 Bcfe
, which were 63% proved developed and 80% natural gas, compared to 2,668 Bcfe
at December 31, 2008, which were 63% proved developed and 75% natural gas.
The 2009 proved reserves include one additional offsetting undeveloped location for certain of the Company's Haynesville shale producing wells which had the impact of increasing the total proved undeveloped reserves by 31 Bcfe
Proved reserves increased 35 percent to a record 916 Bcfe
at year-end 2008 from 680 Bcfe
at year-end 2007.
produced per day in the 2007 third quarter and an increase of 566 mmcfe, or 34%, over the 1.
The changes from 2006 year-end estimated proved reserves to 2007 year-end estimated proved reserves included the sale of 192 Bcfe
relating primarily to Stone's Rocky Mountain divestiture, approximately 82 Bcfe
of production, and 86 Bcfe
of drilling additions, extensions and net upward revisions.
For example, on August 3, 2006, management estimated 360 Bcfe
of logged hydrocarbons not included in ATP's December 31, 2005 reserve report.
5 million barrels of crude oil or 651 Bcfe
, as compared to onshore proved oil and natural gas reserves as of December 31, 2006 of 507 Bcfe
through its successful exploration activities in 2007.
Whiting is also narrowing its full-year 2005 production guidance, which it expects to range from 73 Bcfe
to 74 Bcfe
IN PROVED RESERVES; NET PRODUCTION OF 3,800 MCFE/D
HOUSTON -- Swift Energy (NYSE:SFY) announced today 2006 year-end proved reserves of 817 Billion cubic feet equivalent ("Bcfe
"), an increase of 7% from 762 Bcfe
of proved reserves at year-end 2005.
Proved reserves grew by 75% during the first half of 2007, up from 173 Bcfe
of proved reserves at year end 2006 excluding discontinued operations.