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Monday, 08 September, 2008, 18:40 GMT | more prices >>

Mariner boosts Spraberry stake


Mariner Energy has bought another 5% working interest in the Spraberry Aldwell unit in the Permian basin, west Texas, for around $21.7 million.

Current production from the property is about 1.6 million cubic feet of gas equivalent per day.

The interest was bought from Plains Exploration & Production Company.

Mariner estimates net proven oil and gas reserves attributable to the interests to be around 14 Bcfe, of which 65% is oil and liquids.


Monday, 03 March, 2008, 15:00 GMT  | last updated: Monday, 03 March, 2008, 15:54 GMT

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