Mariner Energy, Inc. (NYSE: ME) is a growth-oriented oil and gas company with diversified operations in the Permian Basin, the Gulf Coast and the Gulf of Mexico, both in the deepwater and on the shelf. We pursue a balance of projects ranging from high-impact exploration projects in the deepwater to relatively low-risk, repeatable projects onshore. This strategy is designed to create a moderate overall risk profile while affording our stockholders the significant potential upside of an active deepwater exploration company.
As of December 31, 2009, Mariner had approximately 1,087 billion cubic feet equivalent of natural gas (Bcfe) of proved reserves, of which approximately 53% were natural gas and 47% were oil, condensate, and natural gas liquids. Total net production in 2009 was approximately 126.5 Bcfe, and net production averaged 347 million cubic feet equivalent of natural gas (MMcfe) per day.
Mariner has been in business since 1983. In March 2006, Mariner stock was listed and began trading on the New York Stock Exchange under the ticker symbol ME.
Mariner rings The Closing BellSM on the New York Stock Exchange on Friday, March 2, 2007 at market close in celebration of its one-year anniversary as a listed company on the NYSE.
