Mariner Energy Purchases Additional 11.6 Percent Working Interest at Bass Lite
- Increases working interest to 53.8%
- Estimated proved reserves acquired for less than
Mariner Energy exercised its preferential right to acquire the interest following ERT’s negotiated sale of its Bass Lite asset to a third party. The transaction was completed
Bass Lite is located in water depths of approximately 6,750 feet. Production from Bass Lite commenced in
Mariner is the operator at Bass Lite and with this transaction owns a 53.8% working interest in the development. Other working interest owners in the field include Deep Gulf Energy LP, ENI, and EOG Resources, Inc.
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This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, that address activities that Mariner assumes, plans, expects, believes, projects, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. Our forward-looking statements generally are accompanied by words such as “may”, “will”, “estimate”, “project”, “predict”, “believe”, “expect”, “anticipate”, “potential”, “plan”, “goal” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements in this press release are based on Mariner’s current belief based on currently available information as to the outcome and timing of future events and assumptions that Mariner believes are reasonable. Mariner does not undertake to update its guidance, estimates or other forward-looking statements as conditions change or additional information becomes available. Mariner cautions that its forward-looking statements are subject to all of the risks and uncertainties normally incident to the exploration for and development, production and sale of oil and natural gas. These risks include, but are not limited to, price volatility, capital availability, environmental risks, drilling and other operating risks, regulatory changes, the uncertainty inherent in estimating future oil and gas production or reserves, and other risks described in the Annual Report on Form 10-K for the fiscal year ended
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SOURCE Mariner Energy, Inc.