El Paso cuts reserve estimate by 40%, takes $1 billion charge
Allen Baker Petroleum News Contributing Writer
El Paso Corp. has made a dramatic cut in its reserve base, with proved reserves now totaling the equivalent of just 2.6 billion cubic feet, a reduction of 1.8 billion cubic feet, or 41 percent.
The announcement of the adjustment in yearend reserves came after the market closed on Feb. 17, and the s....
[additional news subjects in this story]
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