Address
2000 West Sam Houston Pkwy.South Suite 2000 Houston, TX 77042
USA
http://www.mariner-energy.com
Telephone
(713) 954-5500
Fax
(713) 358-8647
Description
Mariner Energy, Inc. is an independent oil and gas exploration, development and production company with principal operations in the Gulf of Mexico and the Permian Basin in West Texas.
Pro forma for the merger transaction with Forest Oil Corporation in which Mariner acquired Forest's Gulf of Mexico operations, as of December 31, 2005, Mariner had 644 Bcfe of proved reserves of which approximately 68% were natural gas and 32% were oil, condensate and natural gas liquids. As of December 31, 2005, the company's pro forma total net production was 94.9 Bcfe, and their pro forma estimated net daily production was 205 MMcfe/D.
As of December 31, 2005, Mariner had 338 billion cubic feet equivalent (Bcfe) of proved reserves, of which approximately 62% were natural gas and 38% were oil and condensate. As of December 31, 2005, total net production was 29.1 Bcfe, and estimated net daily production was 75 MMcfe/D.
Bloomberg L.P. reported on and as of August 21, 2006 that Mariner had the highest possible average analyst rating for stocks in the Russell 2000 Index. Bloomberg assigns a number to each analyst rating that ranges from 1 to 5, with 5 being the highest recommendation. Mariner's achievement of a 5 was based upon six analyst ratings.