Exploration & Production | Capital Markets | Capital Expenditure
Warren Plans Rockies, California Ops for 2013; Talks Production
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Warren Resources Inc. reported 2012 estimated proved oil and gas reserves, 2012 production and provided its 2013 capital budget.
2012 ProductionWarren's 2012 net oil and gas production was 2,028,000 barrels of oil equivalent (BOE), or an average of 5,541 BOE per day. Oil production for 2012 totaled 1,109,000 net barrels, or an average of 3,030 barrels of oil per day (BOPD). This represents a 22% increase from the 911,000 net barrels of oil produced in 2011. Warren produced 5.5 billion cubic feet (Bcf) net of natural gas in 2012, compared to 5.0 Bcf net of natural gas in 2011. The 2012 year-end oil production exit rate was 3,574 gross (2,910 net) BOPD, compared to compared to a year-end 2011 exit rate of 3,475 gross (2,830 net) BOPD. The 2012 year-end gas production exit rate was 53,800…
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