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Par Petroleum Tags 167.9 Bcfe Proved Piceance Reserves
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Par Petroleum Corporation has reported total estimated proved natural gas and oil reserves as of December 31, 2012.
The estimates, which include the Company’s share of the estimated proved reserves of Piceance Energy LLC, were 167.9 Bcfe, consisting of 123.1 billion cubic feet (Bcf) of natural gas, 6.3 million barrels (MMBbls) of natural gas liquids (NGLs) and 1.1 MMBbls of oil. Par’s primary asset is a 33.34% non-operated equity interest in Piceance Energy. Piceance Energy’s primary area of activity is in the Piceance Basin in western Colorado.
Reserves and Cash ValueThe following tables present the estimated proved reserves and PV-10 that Par directly owns and indirectly owns through Piceance Energy as of December 31, 2012:
For the SEC Case, total estimated proved reserves and PV-10…
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