unconventional
resource
exploration
Overview
We have a deep inventory of drilling locations targeting multiple zones and providing for successive years of production and reserve growth at reasonable finding, development and lifting costs, our preferred means for delivering value to our stockholders.
Our core operating area is in the Permian Basin in West Texas, where we have drilled approximately 525 wells since 2004. We also operate in the East Texas Basin, and have exploratory projects targeting shales and other unconventional reservoirs.
AREX Highlights
6.7 MBoe/d Q3 2011 Production
66.8 MMBoe Proved Reserves
142,000 Net Acres in the Permian Basin
2,900+ Drilling and Recompletion Opportunities
AREX DAILY PRODUCTION (MBoe/d)
AREX PROVED RESERVES (MMBoe)
AREX MID-YEAR 2011 RESERVE MIX
