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February 5, 2013
10:43 EDTCXPOCrimson Exploration reports Q4 production about 3.4 Bcfe
Reports Q4 production was approximately 3.4 Bcfe, or 36,840 Mcfe per day, achieving the upper end of the company’s stated production guidance range of 34,000–37,000 Mcfe per day. In Q4, crude oil and natural gas liquids production increased to 254,039 barrels, or 45% of total production, up from 207,272 barrels, or 34% of total production, in the fourth quarter of 2011. The increase in liquids production is a result of a strategic shift toward Woodbine and Eagle Ford projects that was initiated in 2011 amid continued suppressed natural gas prices, the company said.
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