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Net Proved Reserves

Net Proved Reserves news and technical articles from Oil & Gas Journal. Search Net Proved Reserves latest and archived news and articles

  1. W&T Offshore completes purchase of deepwater gulf assets

    Online Articles

    Wed, 21 May 2014

    Arcadius on Garden Banks Block 346, just one block south of the company’s producing Power Play field. Total net proved reserves acquired are 1.9 million boe with a PV-10 of $53 million and probable net reserves of 1.1 million boe. Average

  2. QEP to purchase Permian oil assets for $950 million

    Online Articles

    Mon, 9 Dec 2013

    Texas, account for 6,700 boe/d in current net production, 68% of which is crude oil, and 47 million boe in net proved reserves . Estimated net recoverable resources total 300 million boe. The assets contain nine potential horizontal development

  3. OGJ Newsletter

    Magazine Articles

    Mon, 21 Oct 2013

    will bring the company's lease position in the area to more than 34,000 net acres. PostRock estimates that the net proved reserves being acquired total 574,000 boe, 95% oil and 60% developed. The Woodford is believed to be 200-300 ft thick

  4. Shell reshuffles US shale assets in two major deals

    Magazine Articles

    Mon, 25 Aug 2014

    agreement is effective Apr. 1 and expected to close this year. Ultra says the deal with Shell will increase its net proved reserves by 1.8 tcfe and expand company-operated production to 82% from 62%. Shell's recent shale activity Marin

  5. Jupiter to acquire Bighorn assets from Encana for $1.8 billion

    Online Articles

    Fri, 27 Jun 2014

    net acres along with Encana’s working interests in all pipelines, facilities, and service arrangements. Total net proved reserves in the acreage at yearend 2013 are 1,100 bcf of natural gas equivalent, 75% of which is gas. First quarter

  6. PostRock to acquire central Oklahoma properties

    Online Articles

    Tue, 15 Oct 2013

    bring the company’s lease position in the area to more than 34,000 net acres. PostRock estimates that the net proved reserves being acquired total 574,000 boe, 95% oil and 60% developed. The Woodford is believed to be 200-300 ft thick

  7. Diamondback to expand Midland basin acreage

    Online Articles

    Wed, 23 Jul 2014

    operated. Net production from the acreage totaled 2,173 boe/d in May from 131 gross (94 net) producing wells. Net proved reserves , based on Diamondback’s internal estimates as of June, totaled 5.2 million boe on a two-stream basis. Diamondback

  8. Shell reshuffles US shale assets in two major deals

    Online Articles

    Thu, 14 Aug 2014

    agreement is effective Apr. 1 and expected to close this year. Ultra says the deal with Shell will increase its net proved reserves by 1.8 tcfe and expand company-operated production to 82% from 62%. Shell’s recent shale activity Marin Odum

  9. OGJ Newsletter

    Magazine Articles

    Mon, 28 Jul 2014

    operated. Net production from the acreage totaled 2,173 boe/d in May from 131 gross (94 net) producing wells. Net proved reserves , based on Diamondback's internal estimates as of June, totaled 5.2 million boe on a two-stream basis. Diamondback

  10. OGJ Newsletter

    Magazine Articles

    Mon, 12 May 2014

    d in the first quarter and has an estimated drilling inventory of more than 400 locations. At yearend 2013, net proved reserves totaled 59 million boe while net proved and probable reserves totaled 69 million boe. Production from the acreage

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