Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Operational Updates | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Financial Results | Capital Markets

Pengrowth Reports Q3 2017 Results; Hits 35 MBOEPD in Production

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Wednesday,November 22,2017

Pengrowth has reported its Q3 2017 results as well as its transformation into a pure-play Montney company.

Highlights:

  • Achieved average daily production of 35,072 barrels of oil equivalent (boe) per day during the quarter and 45,727 boe per day year to date.
  • Cash flow used in operations of $0.3 million primarily due to significant onetime restructuring costs associated with asset sales.
  • Continued achievement of reduced cost structures year over year with operating as well as cash general and administrative expenses down $21.7 million and $3.6 million, respectively, from the third quarter of 2016. Also achieved significant reductions in interest expense of approximately $11.4 million compared the third quarter of 2016 resulting from debt repayments completed thus far in 2017.

 

 

 

 

 

 

 


Related Categories :

Third Quarter (3Q) Update   

More    Third Quarter (3Q) Update News

Canada News >>>