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Three Forks, Inc. announces 2013 year-end reserves


Published Mar 12, 2014
Three Forks, Inc.

Three Forks, Inc., an independent oil and gas exploration and production company with operations and assets in Texas, Oklahoma and Louisiana, today announced a summary of its 2013 year-end reserves.

The reserve study, which was conducted by Ralph E. Davis Associates, Inc., an independent, third party reserves-valuation company based in Houston, TX, showed total proved reserves of 522,900 BOE having a PV-10 value of approximately $16.0 million.

Proved developed producing reserves totaled 253,500 BOE, representing 48% of overall proved reserves. Proved developed non-producing reserves totaled 197,700 BOE and proved undeveloped reserves totaled 71,700 BOE.

Tags: Three Forks




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