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Article: St. Mary Adds 26.4 BCF of Net Proved Reserves at its Box Church Field
- Article from:
- PR Newswire
- Article date:
- December 17, 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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DENVER, Dec. 17 /PRNewswire/ -- St. Mary Land & Exploration Company (Nasdaq: MARY) today announced a major addition to its net proved reserves from its Box Church Field in East Texas of 26.4 billion cubic feet of natural gas as engineered by the Ryder Scott Company.
Mark Hellerstein, President and CEO, stated, "The proved reserves added from Box Church alone during 1996 are equal to 35 percent of our total Company proved gas reserves as of December 31, 1995. The Box Church booked reserves will have a very attractive fully-developed finding cost of less than $0.32 per MCF. Led by these outstanding results at the Box Church Field and significant drilling ...