Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Legacy Adds 22 Light Oil Wells in 4Q; Details IP Rates
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Legacy Oil + Gas Inc. has reported its 2013 year-end reserves and provide an operational update.
Highlights: 2013 net asset value per share grew by 20 percent over 2012 to $11.71 per share 2013 total proved plus probable finding and development costs (including changes in future development costs) decreased 12 percent from 2012 to $20.20 per Boe 2013 total proved plus probable finding, development and acquisition costs (including changes in future development costs) decreased 3 percent from 2012 to $22.01 per Boe Generated a recycle ratio of 2.5 times (F&D) and 2.3 times (FD&A) based on estimated 2013 average netbacks of $49.86 per Boe Total proved plus probable reserves grew by 24 percent to 117.2 MMBoe (84 percent oil and NGL's) at year end 2013 from 94.2 MMBoe (84 percent oil and…- ✓ Full news archive — U.S., Canada & international coverage
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