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Article: THE WISER OIL COMPANY ANNOUNCES A 22 PERCENT INCREASE IN OIL AND GAS RESERVES FOR YEAR-END DECEMBER 31, 1995
- Article from:
- PR Newswire
- Article date:
- February 8, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS, Feb. 8 /PRNewswire -- The Wiser Oil Company (NYSE: WZR) today reported that its year-end 1995 proved reserves were independently estimated to be 50.5 million barrels of oil equivalent ("MMBOE"), a 22 percent increase over prior year's estimate of 41.4 MMBOE. 1995 production of 4.3 MMBOE was replaced by 313 percent. Proved oil and natural gas liquids ("NGL") reserves at the end of 1995 increased to 32.2 million barrels of oil ("MMBO") from 23.4 MMBO. Natural gas reserves at the end of 1995 increased to 109.9 billion cubic feet ("BCF") from 107.9 BCF.
Andrew J. Shoup, Jr., President and Chief Executive Officer says, "This year's significant increase in ...