Exploration & Production | Top Story | Incidents / Accidents
Argent Talks Texas Wells, Production Issues; Maintains Guidance
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Argent Energy Trust has reported an operational update as well as amended its production guidance.
In the third quarter of 2013, Argent produced an average of approximately 5,400 boe/d. Current base production, based on field estimates, is just over 5,500 boe/d (76% oil & NGLs) and the Trust's 30-day average production is approximately 5,500 boe/d (76% oil & NGLs). In addition, the Trust received production payment revenues in the third quarter equivalent to approximately 290 boe/d at current commodity prices.
The Trust's third quarter production was negatively affected by a fire at the Trust's Manvel field, salting in certain of the Trust's natural gas producing wells, a commercially unsuccessful natural gas well drilled for lease expiry in South Texas , and completion of workover…
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