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Alta Mesa Continues Mississippian HZ Drilling, Updates Capex
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Alta Mesa Holdings, LP has announced its financial results for the first quarter of 2014 and provided highlights of its recent operations.
Financial and operational highlights of note for the quarter include the following: Production totaled 1.5 MMBOE, or 17,200 BOE per Day, up 12% from Q1-2013 Oil and liquids production totaled 929 MBOE, up 34% from Q1-2013 Production mix moves to 60% liquids, up from 50% in Q1-2013 ProductionProduction volumes for the first quarter of 2014 totaled 1.5 million barrels of oil equivalent (MMBOE), or an average of 17,200 barrels of oil equivalent per day (BOE per Day), compared to 1.4 MMBOE or 15,300 BOE per Day in the first quarter of 2013.
Production for the first quarter is within the previously provided guidance for Q1-2014 of 16,500 to 18,500 BOE…
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