Delta Petroleum Corp. (DPTR) Reports 2010 Results
Delta Petroleum Corp. reported the company’s operating and financial results for 2010, including production, reserve data and exploration and development plans for 2011. Delta Petroleum reported proved reserves of 134 billion cubic feet equivalents as of 12/31/2010, representing a 17% increase over the end of 2009. The company said that 92% of the proved reserves were located in the Rocky Mountain region, and 91% of the proved reserves were composed of natural gas and natural gas liquids. Delta Petroleum said that the 2010 proved reserves were estimated using pricing mandated by the SEC. These prices were $3.95 per million British…