Total proved oil and natural gas reserves at December 31, 2011 were 116.0 MMBoe, consisting of 20.3 million barrels of oil, 22.1 MMbls of natural gas liquids and 442.1 billion cubic feet of natural gas. This represents a 12% increase over 2010 year-end total proved reserves. The estimated future net cash flow from Unit’s December 31, 2011 total proved oil and natural gas reserves, before income taxes, is $3.0 billion. Production during the fourth quarter of 2011 was 744,000 barrels of oil, 616,000 barrels of NGLs and 11.4 Bcf of natural gas, or 3.3 MMBoe, an increase of 4% and 21% over the third quarter of 2011 and the fourth quarter of 2010, respectively. Total production for 2011 was 12.1 MMBoe, an increase of 23% from the 9.9 MMBoe produced in 2010, and included an increase in oil and NGLs production of 55%.
European stocks rose for a third straight session on Monday and the euro bounced back from two-year lows, as Greek …
