Mariner Energy Announces Monthly Production Disclosure Protocol
February 25 2010 - 7:15PM
Marketwired
Mariner Energy, Inc. (NYSE: ME) announced today that it will begin
posting monthly estimated production data on its website:
www.mariner-energy.com under the tab titled "Production." The
volumetric production data will be presented by product and the
company's operating regions, which as of January 1, 2010 are the
Permian Basin, Gulf Coast and Gulf of Mexico Deepwater and Gulf of
Mexico Shelf. Mariner plans to post the production data to the
website on a monthly basis after the close of the New York Stock
Exchange on the last business day of the month following the
applicable reporting period. The report for January 2010 will be
posted on February 26.
"Mariner's portfolio includes many wells that produce at high
rates, which makes forecasting longer term performance more
difficult. We believe that more timely access to this production
data will provide greater transparency into our operations and help
investors better understand our company and its assets," said Jesus
Melendrez, Senior Vice President, Chief Commercial Officer and
Acting Chief Financial Officer.
About Mariner Energy, Inc.
Mariner Energy is an independent oil and gas exploration,
development, and production company headquartered in Houston,
Texas, with principal operations in the Permian Basin, Gulf Coast
and the Gulf of Mexico. For more information about Mariner, visit
the company's website at www.mariner-energy.com.
Important Information Concerning Forward-Looking Statements
This press release 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 press release 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.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities of Mariner.
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