El Paso reports increase in proved reserves for 2009

01/20/2010 | Reuters

El Paso Corp. announced that its proved reserves climbed 8% in 2009. From proved natural gas and oil reserves of about 2.55 trillion cubic feet equivalent in 2008, reserves rose to 2.75 trillion cubic feet equivalent by the end of last year. The company added that its 2009 daily output averaged 763 million cubic feet equivalent, exceeding low-end estimates.

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