Exploration & Production | Production Rates | Forecast - Production
Argent Energy Trust Increases 3Q, 4Q Guidance
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Argent Energy Trust has announced that third quarter 2014 production averaged approximately 7,263 boe/d, (approximately 65% oil and NGLs), significantly exceeding previously announced third quarter production guidance of 6,400-6,500 boe/d.
This level of production represents a 14% increase over second quarter 2014 volumes and results in average production of approximately 6,675 boe/d for the nine months ended September 30, 2014. Third quarter production levels reflect a series of successful workovers as well as new Eagle Ford oil wells and South Escobas natural gas wells completed at the end of the second quarter that are subject to high decline rates.
Given continued strong production performance, as reflected in the Trust's most recent 30-day production average of approximately 6,900…
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