Page 6 - Developed Producing News Today

  FD&A (finding, development and acquisition) costs are used as a measure of capital efficiency and are calculated by dividing the capital costs for the period, including the change in undiscounted FDC, by the change in the reserves, incorporating revisions and production, for the same period (eg. 2020 Total Proved ($235.7-$190)/(536.5-527.3+29.1) = $1.19/boe or $0.20/Mcfe). The RLI is calculated by dividing the reserves (in boes) in each category by the annualized Q4 average production rate i...

/EIN News/ -- CALGARY, Alberta, Feb. 10, 2021 (GLOBE NEWSWIRE) -- (PIPE – TSX) Pipestone Energy Corp. ( “Pipestone” or the “Company”) is pleased to provide an update on its production and operations, as well as report its year-end 2020 independent reserves evaluation prepared by McDaniel & Associates Consultants Ltd. (“ McDaniel”) with an effective date of December 31, 2020 (the “ McDaniel Report”). Since inception, Pipestone has continued to demonstrate leadership in comb...

Parex Delivers Reserve Additions from New Operated Fields, Increases Reserves per Share and Extends RLI to 11 Years Parex Resources Inc. is pleased to announce the results of its annual independent reserves assessment as at December 31, 2020 and to provide an operational update. The financial and operational information contained below is based on the Company’s unaudited expected results for the year ended December 31, 2020. All currency amounts are in United States dollars, unless otherwise ...