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Caza Ramps Up Permian 1P Reserves 98.1% to 12.24 MMBOE
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Caza Oil & Gas, Inc. reported the Company's final results for the year ended December 31, 2015.
Average production volumes for the year 2015, decreased 24% to 706 barrels of oil equivalent per day (923 boe/d: 2014) Proven (1P) reserves increased 98.1% to 12.243 MMboe (6.18 MMboe: 2014) AssetsThe Company is primarily focused in the Permian Basin of Southeast New Mexico and West Texas, which provides the Company with low-risk, liquids-rich development opportunities from many geologic reservoirs and play types. The Permian Basin has a vast operational infrastructure in place. The Company is utilizing recent advances in horizontal drilling and dynamic completion technologies to unlock the significant resources within its asset base and the region.
Management has focused efforts on…
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