Operational Updates | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Financial Results | Capital Markets
Pengrowth Reports Q3 2017 Results; Hits 35 MBOEPD in Production
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
-
Evolution Petroleum Corporation Fiscal Third Quarter 2023 Results
-
Civitas Resources Third Quarter 2022 Results
-
Murphy Oil Third Quarter 2022 Results
-
ConocoPhillips Third Quarter 2022 Results
-
California Resources Third Quarter 2022 Results
Canada News >>>
-
Petrus Resources Ltd. First Quarter 2023 Results
-
Cardinal Energy Ltd. First Quarter 2023 Results
-
Headwater Exploration Inc. First Quarter 2023 Results -
-
Rubellite Energy Inc. First Quarter 2023 Results
-
Bonterra Eneergy Corporation First Quarter 2023 Results