Production, Sales Prices, Production and Gathering, Processing and Transportation Expenses The following table sets forth information regarding our production volumes, oil, natural gas and NGL sales, average sales prices received and production and gathering, processing and transportation expenses for the periods indicated: Years Ended December 31, 2015 2014 2013 Net Production: Oil (mmbbl) ................................................................................................ Natural gas (bcf) ........................................................................................ NGL (mmbbl) ............................................................................................. Oil equivalent (mmboe)(a) ..................................................................................
42 1,070 28 248
42 1,095 33 258
41 1,095 21 244
Average Sales Price (excluding gains (losses) on derivatives): Oil ($ per bbl) ............................................................................................. Natural gas ($ per mcf) .............................................................................. NGL ($ per bbl) .......................................................................................... Oil equivalent ($ per boe) ..........................................................................
$ $ $ $
45.77 2.31 14.06 19.23
$ $ $ $
89.41 4.14 30.95 36.21
$ $ $ $
96.78 3.44 36.08 34.77
Average Sales Price (including realized gains (losses) on derivatives): Oil ($ per bbl) ............................................................................................. Natural gas ($ per mcf) .............................................................................. NGL ($ per bbl) .......................................................................................... Oil equivalent ($ per boe) ..........................................................................
$ $ $ $
66.91 2.72 14.06 24.54
$ $ $ $
85.04 3.97 30.95 34.74
$ $ $ $
94.14 3.45 36.08 34.36
Expenses ($ per boe): Oil, natural gas and NGL production .......................................................... Oil, natural gas and NGL gathering, processing and transportation ..........
$ $
4.22 8.55
$ $
4.69 8.43
$ $
4.74 6.44
___________________________________________ (a)
Oil equivalent is based on six mcf of natural gas to one barrel of oil or one barrel of NGL. This ratio reflects an energy content equivalency and not a price or revenue equivalency.
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