EX-99.1 2 h74902exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
Production Update
Mariner Energy’s estimated monthly net production by operating region is listed below. “Deepwater” and “Shelf” refer to company fields in the Gulf of Mexico. Generally, deepwater means water depths greater than 1,300 feet, and shelf means depths less than 1,300 feet.
Mariner plans to post production data to this website on a monthly basis on the last business day of the month following the applicable reporting period.
Information concerning estimated net production is qualified by the “Forward-Looking Statements” provisos located on this website under the “Site Terms / Disclaimers” tab.
Estimated Net Production
                                                         
    January   February   March   April   May   June   Year-to-Date
             
Natural Gas (Boe)
                                                       
Permian Basin
    76,877       63,064       63,341       77,845       94,061       89,792       464,980  
Gulf Coast & Other
    78,256       75,534       78,680       80,861       78,823       69,529       461,683  
GOM Deepwater
    574,036       560,913       522,019       417,871       374,743       366,513       2,816,095  
GOM Shelf
    453,507       426,744       481,119       483,005       429,249       383,453       2,657,077  
             
Total
    1,182,676       1,126,255       1,145,159       1,059,582       976,876       909,287       6,399,835  
 
                                                       
Oil (Bbls)
                                                       
Permian Basin
    136,430       133,034       131,977       143,289       161,044       170,959       876,733  
Gulf Coast & Other
    9,977       18,076       12,164       10,971       10,820       11,628       73,636  
GOM Deepwater
    97,230       116,959       116,421       85,311       89,303       79,932       585,156  
GOM Shelf
    166,795       170,375       213,193       197,639       182,099       161,404       1,091,505  
             
Total
    410,432       438,444       473,755       437,210       443,266       423,923       2,627,030  
 
                                                       
Natural Gas Liquids (Bbls)
                                                       
Permian Basin
    73,155       68,189       73,623       76,477       82,779       91,826       466,049  
Gulf Coast & Other
    24,212       21,721       15,188       20,159       22,207       33,659       137,146  
GOM Deepwater
    44,388       38,906       37,909       37,447       28,547       6,844       194,041  
GOM Shelf
    49,064       70,129       58,748       34,336       43,128       35,963       291,368  
             
Total
    190,819       198,945       185,468       168,419       176,661       168,292       1,088,604  
 
                                                       
Total Production (Boe)
    1,783,927       1,763,644       1,804,382       1,665,211       1,596,803       1,501,502       10,115,469  
Avg Daily Production (Boe/d)
    57,546       62,987       58,206       55,507       51,510       50,050       55,887  
 
                                                       
Total Production (Mcfe)
    10,703,562       10,581,864       10,826,292       9,991,266       9,580,818       9,009,012       60,692,814  
Avg Daily Production (Mcfe/d)
    345,276       377,924       349,235       333,042       309,059       300,300       335,319  
Site Terms / Disclaimers
IMPORTANT INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS
This website includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, that address activities that Mariner assumes, plans, expects, believes, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. Our forward-looking statements generally are accompanied by words such as “may”, “will”, “estimate”, “project”, “predict”, “believe”, “expect”, “anticipate”, “potential”, “plan”, “goal”, or other words that convey the uncertainty of future events or outcomes. Forward-looking statements provided in this website are based on Mariner’s current belief based on currently available information as to the outcome and timing of future events and assumptions that Mariner believes are reasonable. Mariner does not undertake to update its guidance, estimates or other forward-looking statements as conditions change or as additional information becomes available. Estimated reserves are related to hydrocarbon prices. Hydrocarbon prices used in estimating reserves may vary significantly from actual future prices. Therefore, volumes of reserves actually recovered may differ significantly from such estimates. Mariner cautions that its forward-looking statements are subject to all of the risks and uncertainties normally incident to the exploration for and development, production and sale of oil and natural gas. These risks include, but are not limited to, price volatility or inflation, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating future oil and gas production or reserves, and other risks described in Mariner’s latest Annual Report on Form 10-K and other documents filed by Mariner with the Securities and Exchange Commission (SEC). Any of these factors could cause Mariner’s actual results and plans of Mariner to differ materially from those in the forward-looking statements. Investors are urged to read Mariner’s latest Annual Report on Form 10-K and other documents filed by Mariner with the SEC.
“Proved” oil and gas reserves are those that can be estimated with reasonable certainty to be economically and legally producible under existing economic conditions, operating methods and government regulations. “Probable,” “possible” and “non-proved” reserves, reserve “potential” or “upside” or other descriptions of volumes of reserves potentially recoverable involve estimates that by their nature are more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of actually being realized

 


 

by Mariner. The SEC generally does not permit a company’s filings with the SEC to include estimates of oil or gas resources other than reserves, and any estimated values of such resources, due to concern that resources other than reserves are too speculative and may be misleading.
This website does not constitute an offer to sell or a solicitation of an offer to buy any securities of Mariner.
Statement last reviewed: February 1, 2010