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Mariner Energy Reports No Material Damage From Gustav

HOUSTON, Sept. 5 /PRNewswire-FirstCall/ -- Mariner Energy, Inc. today provided a preliminary update on the impact of Hurricane Gustav on the company'sGulf of Mexico production and assets. The company has completed initial assessments of virtually all Mariner-operated offshore structures and received reports from most operators at its third-party operated assets. Based upon these assessments and reports, it does not appear that any of the structures sustained any material damage. As of Thursday, September 4, approximately 220 million cubic feet of natural gas equivalent per day (MMcfe/d) of offshore production was online. Pre-hurricane production from Mariner'sGulf of Mexico properties was approximately 360 MMcfe/d.

    -- Of Mariner's two largest producing assets, Northwest Nansen (East
       Breaks Blocks 602 and 558) resumed production on Tuesday, September 2,
       and start-up activities are underway at Bass Lite (Atwater Valley Block
       426) with production expected to resume in the next few days.
    -- Production operations have resumed at most shelf fields.
    -- Full production from deepwater and shelf fields is expected when third-
       party pipelines and processing plants resume operations, which is
       expected to occur over the next several days as power is restored.
    -- Development activities at the Mariner-operated Geauxpher field (Garden
       Banks Block 462) and exploration drilling at the Mariner-operated Surge
       prospect (Garden Banks Block 334) have resumed.

Website Updates of Post-Hurricane Gustav Production

Mariner plans to provide updates about ongoing restoration of its offshore production shut in due to Hurricane Gustav on the company website (http://www.mariner-energy.com) beginning Monday, September 8, 2008, and periodically thereafter.

About Mariner Energy, Inc.

Mariner Energy is an independent oil and gas exploration, development, and production company headquartered inHouston, Texas, with principal operations in the Permian Basin and theGulf of Mexico. For more information about Mariner, visit the company's website at http://www.mariner-energy.com.

SOURCE Mariner Energy, Inc.

Tags: ,OIL,TX-Mariner-Gustav-upd

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