The
Los
Angeles-based,
New
York-listed
partnership
said
it
now
expected
to
produce
between
8.3
million
and
8.6
million
barrels
of
oil
equivalent
(boe)
this
year,
and
was
hiking
capital
investment
for
the
year
to
$137
million.
The
company
had
originally
forecast
in
February
a
production
range
for
2012
of
between
7.8
million
and
8.3
million
boe,
with
full-year
capital
spending
of
around
$68
million.
Chief
executive
Hal
Washburn
said
the
explorer
would
be
splashing
out
the
increased
capital
budget
on
“develop
our
newly-acquired
assets
and
to
pursue
a
series
of
attractive
oil
projects
identified
in
our
legacy
assets
as…