| BBL |
 |
Barrel or Barrels |
| BCF |
|
Billion Cubic Feet of Natural Gas |
| BOE |
|
Barrel of Crude Oil Equivalent |
| BOPD |
|
Barrels of Oil Per Day of Production |
| CAPEX |
|
Capital Expenditure |
| CFPS |
|
Discretionary Cash Flow Per Share of Common Stock |
| DCF |
|
Discounted Cash Flow |
| DD&A |
|
Depreciation, Depletion, and Amortization |
| EBITDA |
|
Earnings Before Interest, Depreciation, and Amortization |
| F&D |
|
Findings and Development Cost |
| FD&A |
|
Finding Development and Acquisition Cost |
| G&A |
|
General and Administrative Expenses |
| IDC |
|
Intangible Drilling Cost |
| LOE |
|
Lease Operating Expense |
| MBBL |
|
Thousand Barrels |
| MCF |
|
Thousand Cubic Feet of Natural Gas |
| MMBBL |
|
Million Barrels of Crude Oil |
| MMCF |
|
Million Cubic Feet of Natural Gas |
| MMS |
|
The U.S. Mineral Management Service |
| NPV |
|
Net Present Value |
| PDP |
|
Proven Developed Producing Reserves |
| PDNP |
|
Proven Developed Non-Producing Reserves |
| P/I |
|
Ratio of After-Tax Net Present Value (NPV) at 10% Discount Capital |
| PUD |
|
Proved Undeveloped Reserves |
| Production Costs |
|
Lease Operating Expenses (LOE) and taxes on crude oil production. |
| Productive Well |
|
Developed well that is not a dry hole. |
| Proved Reserves |
|
Crude oil and natural gas reserved on a net revenue interest basis, found to be
commercially recoverable. |
| Proved Developed |
|
Reserves included only those proved reserves expected to be recovered from
existing completion intervals in existing wells and those reserves that exist
behind the casting of existing wells. |
| Proved Undeveloped Reserves |
|
Includes those Proved Reserves expected to be recovered from new wells on
undrilled acreage with relatively major expenditure requirements. |
| PV-10 |
|
Present Value Discounted at 10 Percent |
| R/P |
|
Ratio of Reserves to Annual Production |
| Reserve Replacement |
|
Produced barrels replaced through drilling and or acquisition. |
| SEC |
|
Securities and Exchange Commission |
| SEC PVID |
|
The Present Value (Discounted at 10%) of estimated future Net Cash Flows of
proved crude oil and natural gas reserves as determined pursuant to the
guidelines of U.S. "SEC" which use oil and gas contract prices constant
throughout the life of the properties. |
| Undeveloped Average |
|
Lease acreage on which wells have not been drilled or completed to a point that
would permit commercial production, regardless of whether or not such acreage
contains Proved Reserves. |
| UPR |
|
Unproved Reserves |
| WI |
|
Working Interest |
| WTI |
|
West Texas Intermediate Oil |
| YTD |
|
Year to Date |
