Alta Mesa Resources Announces Year-End 2017 Proved Reserves and Upstream Operational Update
Alpha Metallurgical Resources, Inc. (AMR)
US:NYSE Investor Relations:
altamesa.net/investors/ir-tmplt
Company Research
Source: GlobeNewswire
HOUSTON, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Alta Mesa Resources, Inc. (NASDAQ:AMR) (NASDAQ:AMRWW) (“Alta Mesa” or the “Company”) today announced a summary of year-end 2017 proved reserves and provided an upstream operational update, including associated production and drilling activity. Year-End 2017 ReservesAlta Mesa’s oil, natural gas and natural gas liquids reserves as of December 31, 2017, were 176.2 million barrels of oil equivalent (“MMBOE”) net to the Company, an increase of 46.6 MMBOE compared to 129.6 MMBOE at year-end 2016. Ryder Scott Company, LP, an independent reserve engineering firm, audited Alta Mesa’s year-end proved reserves estimates as of December 31, 2017. Proved reserves consisted of 71.9 million barrels of oil, 36.1 million barrels of natural gas liquids, and 409 billion cubic feet of natural gas. Approximately 52 MMBOE of proved reserves at year-end 2017 were classified as proved developed producing (PDP) reserves, and approximately 124 MMBOE were classifi
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