Exploration & Production
GMX Updates Shale Reserves; Averages 2,843 BOE/d
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GMX RESOURCES INC. has reported the following production information and an updated sensitivity analysis regarding the Company's estimated proved reserves in connection with information being provided to potential purchasers of the Company's assets.
The Company's year-end 2012 reserve estimates were prepared by DeGolyer and McNaughton, an independent reserve engineering firm.
January 2013 ProductionAverage daily production of the Company's Bakken properties for January 2013 was 533 BOE/ day. The Company's East Texas production, including Haynesville/Bossier properties, was 13.9 MMcfe/day during January 2013. The Company's total average daily production was 2,843 BOE/day during January 2013.
March 31, 2013 Estimated Proved Reserves Summary of Reserve Differences for Sensitivity…- ✓ Full news archive — U.S., Canada & international coverage
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