Enhanced completion wells continue to track 900 MBOE type curve after 265 days.
Large volume completion wells tracking 1,500 MBOE type curve after 90 days.
For the nine months ended September 30, 2008, oil and natural gas sales are 758 MBbls of oil and 8,338 MMcf of natural gas, or 2,148 MBOE
of Extensions and Discoveries include newly identified behind-pipe opportunities at the Cato and Panhandle Properties.
At our Cato field, Cano added approximately 2,623 MBOE
of new reserves in extensions and discoveries, and converted approximately 1,181 MBOE
of PUD to PDP.
An approximately 10% decrease is due to production of the 507 MBOE that the Company produced over the 12-month period of FY2016.
An approximately 20% decrease is due to an annual reserves revision of 1,054 MBOE, which is primarily due to the reclassification of existing wells into the no reserves assigned (NRA) category:
38 per Mcf, or 268 MBOE
at an average price of $59.
42 per Mcf, or 1,048 MBOE
at an average unhedged price of $50.