Reserves
Panhandle Ramps Up MidCont Reserves 20%; Woodford, Springer
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Panhandle Oil & Gas announced estimated total proved reserve volumes for the Company's fiscal year ended Sept. 30, 2015.
Key Points: The material increase in total 3P (proved, probable and possible) reserves was due to the recognition of additional PUD reserves based upon improved well performance in the Anadarko Basin Woodford and Springer Shales (CANA and SCOOP). Additionally, we recognized a significant number of new undeveloped locations on our existing mineral holdings in the Anadarko Basin Woodford and Springer plays. 2015 Reserve Highlights Total proved, possible and probable reserves increase 20% to 656.1 Bcfe at Sept. 30, 2015. Proved reserves have grown at a compound annual growth rate of 12% during the last five years. Downward pricing revisions of proved reserves totaled…- ✓ Full news archive — U.S., Canada & international coverage
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