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PetroBakken’s Q3 2012 Oil Production Little Changed from Year Ago Period
Oct. 11, 2012 09:56AM PST
Resource Investing News PetroBakken Energy Ltd. (TSX:PBN) provided an operational update on its third quarter and announced its plans for this year’s fourth quarter, commenting that its average production during Q3 was 38,400 barrels of oil equivalent per day.
PetroBakken Energy Ltd. (TSX:PBN) provided an operational update on its third quarter and announced its plans for this year’s fourth quarter, commenting that its average production during Q3 was 38,400 barrels of oil equivalent per day.
As quoted in the press release:
This production level is relatively flat to the third quarter of 2011, primarily resulting from the disposition of producing assets in the first half of 2012 and a delayed start to our second half 2012 capital program. Production for September 2012 was 39,200 boepd based on field estimates, a slight increase over second quarter 2012. Currently, as a result of routine maintenance of individual wells and facilities as well as restricted production, we estimate that we have approximately 1,500 boepd of additional productive capacity that is expected to be brought on production in the fourth quarter.
Click here to read the full PetroBakken Energy Ltd. (TSX:PBN) press release.