Reserves and Production
Our proved reserves as of December 31, 2012 totaled 378.8 MMBOE, which represents a 10% increase over the 345.2 MMBOE of proved reserves at year-end 2011. Based on SEC NYMEX prices of $94.71 per barrel and $2.76 per Mcf of gas, the year-end 2012 estimated proved reserves had a pre-tax PV10% value of $7,284 million. In total, we replaced 246% of our 2012 production of 30.21 MMBOE.
Our production in 2012 totaled a record 32.21 MMBOE, or 82,540 BOE per day, compared to 24.78 MMBOE, or 67,890 BOE per day, in 2011.