All-In Finding and Development Costs (“F&D”)Midstates believes that the analysis of F&D cost is a useful tool in helping to evaluate capital productivity. The Company calculates F&D cost by dividing development and exploration capital expenditures and the cost of acquired reserves by the sum of reserve extensions and discoveries, purchases of reserves in place, and total revisions for the year.
Midstates Petroleum Announces Year-End 2012 Proved Reserves Increased 188% To 75.5 Million Boe
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