Mariner said that it had acquired an approximate 56% working interest in approximately 32,000 gross acres in Texas. The acquisition includes 348 wells producing approximately 1,250 barrels of oil equivalent per day net to the interests acquired.
Mariner estimates net proved oil and gas reserves attributable to the acquisition to be approximately 16 million barrels of oil equivalent of which 75% is reported to be oil and liquids. The firm will operate a substantial portion of the assets.
