Exploration & Production | Quarterly / Earnings Reports
Anderson Touts Cardium Position, Production in Q2
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Anderson Energy Ltd has reported its operating and financial results for the second quarter ended June 30, 2013.
Highlights: Funds from operations in the second quarter of 2013 were $4.7 million. Production was 3,931 BOED. Oil and NGL production averaged 1,496 bpd in the second quarter of 2013. Oil represented 1,199 bpd of total production. Funds from operations for the first half of 2013 were $10.2 million. The Company's average oil price was $89.76 per bbl in the second quarter of 2013. The Cardium oil production is light, sweet oil that was subject to an average price differential of $3.67 US per bbl in the second quarter. Oil and NGL revenue represented 71% of Anderson's total oil and gas revenue. The operating netback was $25.00 per BOE in the second quarter of 2013 compared to…- ✓ Full news archive — U.S., Canada & international coverage
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