Throughout the month of December we have been gaining production momentum and month-to-date our total Company average net production rate
is 930 Mmcfe per day, which is above our exit rate expectation expressed in our third quarter call.
According to Afren, company s financial results in first half of 2011 show a lower net production rate
against same period in 2010, mainly because of cost recovery.
The package includes 5 Wolfberry wells with a net production rate
of 158 barrels of oil equivalent per day.
Sanchez Energy's estimated current net production rate
is approximately 4,400 barrels of oil equivalent ("BOE) per day, of which approximately 84% was oil.
Glen Rose is currently producing a consistent 40-50 net barrels of oil per day for the month ended March 2011, and this same average net production rate
has continued consistently through September 2011.
QEP Energy estimated that it exited the second quarter with a net production rate
of approximately 655 MMcfed.
The company's average daily net production rate
in the Marcellus in July 2010 was approximately 130 mmcfe and the company anticipates adding more than 60 mmcfe of net production in the West Virginia portion of the play in the second half of 2010 once new natural gas processing facilities become operational.
Our year-end net production rate
from the completed wells was 46 MMcfe/d.
The Midcontinent Division expanded several key areas during the first half of 2009 to reach a new record net production rate
of 57 Mmcfe per day.
Including the contribution of these new volumes, Carrizo's current company-wide daily net production rate
is estimated at 90 MMcfe/day.
With four additional wells to come on line in the near future, Westside's net production rate
is expected to average between 7 MMCFE/D and 8 MMCFE/D by year end.
We stabilized our average daily net production rate
over the last three quarters and were successful in our efforts to improve our cost structure.