Vintage Petroleum Announces Temporary Production Shut-in Due to Hurricane Katrina
August 30 2005 - 6:10PM
Business Wire
Vintage Petroleum, Inc. (NYSE:VPI) announced today that it has
temporarily shut-in net daily production of approximately 4,000
barrels of oil equivalent in the company's eastern Gulf Coast
operations as a result of Hurricane Katrina. Activity is currently
underway to assess the extent of any damage and the timing required
to restore production. The volume temporarily shut-in represents
approximately five percent of the net daily volume produced in the
second quarter of 2005. Forward-Looking Statements This release
includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements in this
release, other than statements of historical facts, that address
estimates of damages, plans and timing to restore production to
prior levels, future production, strategies, estimates of oil and
gas reserves, capital spending, and events or developments that the
company expects or believes are forward-looking statements.
Although Vintage believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include oil and gas prices, success of well and facility repair,
actions taken and to be taken by governments and their agencies as
a result of political and economic conditions or other factors,
inflation rates, continued availability of capital and financing,
and general economic, market or business conditions, as well as
other risk factors described from time to time in the company's
filings with the SEC. The company assumes no obligation to update
publicly such forward-looking statements, whether as a result of
new information, future events or otherwise. Vintage Petroleum,
Inc. is an independent energy company engaged in the acquisition,
exploitation and exploration of oil and gas properties and the
marketing of natural gas and crude oil. Company headquarters are in
Tulsa, Oklahoma, and its common shares are traded on the New York
Stock Exchange under the symbol VPI. For additional information,
visit the company website at www.vintagepetroleum.com.
Vintage Pete (NYSE:VPI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Vintage Pete (NYSE:VPI)
Historical Stock Chart
From Jul 2023 to Jul 2024